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Can someone help me out with this one? Lohn Corporation is expected to pay the following dividends over the next four years. $15, $12, $7,
Can someone help me out with this one?
Lohn Corporation is expected to pay the following dividends over the next four years. $15, $12, $7, and $4. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice $75.94 $70.04 $71.77 $78.69 O $73.73Step by Step Solution
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