Lohn Corporation is expected to pay the following dividends over the next four years: $19, $14, $10, and $5. 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 $101.01

$99.63 $96.72 $91.89 $93.93