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Lohn Corporation is expected to pay the following dividends over the next four years: $ 9 , $ 6 , $ 2 , and $

Lohn Corporation is expected to pay the following dividends over the next four years: $9,$6,$2, and $1. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever.
If the required return on the stock is 8 percent, what is the current share price?
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