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Lohn Corporation is expected to pay the following dividends over the next four years: $8, $7, $3, and $1. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $8, $7, $3, and $1. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 14 percent, what is the current share price? Multiple Choice $21.93 $22.59 $20.83 $31.08 $21.84
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