Question
Lohn Corporation is expected to pay the following dividends over the next four years: $12, $10, $8, and $3. Afterward, the company pledges to maintain
| Lohn Corporation is expected to pay the following dividends over the next four years: $12, $10, $8, and $3. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever. |
| If the required return on the stock is 13 percent, what is the current share price? |
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
