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Lohn Corporation is expected to pay the following dividends over the next four years: $15,$11,$7, and $3. 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: $15,$11,$7, and $3. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? Multiple Choice $48.09 $49.41 $50.62 $52.14 $57.63

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