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Lohn Corporation is expected to pay the following dividends over the next four years: $12, $9, $7, and $4. Afterward, the company pledges to maintain

image text in transcribed Lohn Corporation is expected to pay the following dividends over the next four years: $12, \$9, $7, and $4. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 11 percent, what is the current share price? Multiple Choice $68.38 $77.41 $74.14 $69.84 $71.98

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