Lohn Corporation is expected to pay the following dividends over the next four years: $14, $11, $7, and $4. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? Multiple Choice O O O O $68.06 $59.53 $64.55 $62.67 $60.88

Lohn Corporation is expected to pay the following dividends over the next four years: $14,$11,$7, and $4. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? Multiple Choice $68.06 $5953 $6455 $6267 $60.88