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Lohn Corporation is expected to pay the following dividends over the next four years: $ 8 , $ 7 , $ 6 , and $

Lohn Corporation is expected to pay the following dividends over the next four years: $8,$7,$6, and $3. 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
$39.82
$47.38
$41.02
$38.48
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