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Lohn Corporation is expected to pay the following dividends over the next four years: $14,$10,$5, and $2. Afterward, the company pledges to maintain a constant

image text in transcribed Lohn Corporation is expected to pay the following dividends over the next four years: $14,$10,$5, and $2. Afterward, the company pledges to maintain a constant 8 percent growth rate in dividends forever. If the required return on the stock is 16 percent, what is the current share price? Multiple Choice $38.12 $38.72 $39.88

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