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Lohn Corporation is expected to pay the following dividends over the next four years: $9,$7,$5, and $3. Afterward, the company pledges to maintain a constant
Lohn Corporation is expected to pay the following dividends over the next four years: $9,$7,$5, and $3. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice $53.41 $45.27 $44.28 $48.01
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