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Lohn Corporation is expected to pay the following dividends over the next four years: $15, $12, $8, and $4. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $15, $12, $8, and $4. Afterward, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price? Multiple Choice $74.67 $70.26 $78.84 $72.50
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