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Lohn Corporation is expected to pay the following dividends over the next four years: $9,$7,$4, and $2. Afterward, the company pledges to maintain a constant

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Lohn Corporation is expected to pay the following dividends over the next four years: $9,$7,$4, and $2. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock is 8 percent, what is the current share price? Multiple Choice $50.74 $57.02 $49.26 $48.29

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