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Lohn Corporation is expected to pay the following dividends over the next four years: $12,$8,$7, and $4. 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: $12,$8,$7, and \$4. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice $54.11 $50.58 $52.54 $49.91 $59.28

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