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Lohn Corporation is expected to pay the following dividends over the next four years: $11, $6, $5, and $3. Afterward, the company pledges to maintain

Lohn Corporation is expected to pay the following dividends over the next four years: $11, $6, $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 12 percent, what is the current share price? Multiple Choice $55.37 $51.06 $60.14 $53.75 $52.35

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