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Lohn Corporation is expected to pay the following dividends over the next four years: $15, $10, $7, and $3. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $15, $10, $7, and $3. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice O $49.35 $50.61 O O $59.17 O $51.95
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