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Lohn Corporation is expected to pay the following dividends over the next four years: $11, $8, $6, and $5. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $11, $8, $6, and $5. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever If the required return on the stock is 14 percent, what is the current share price?
$59.58
$67.22
$63.90
$62.04
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