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Lohn Corporation is expected to pay the following dividends over the next four years: $6.79, $5.22, $1.17, and $5.74. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $6.79, $5.22, $1.17, and $5.74. Afterward, the company pledges to maintain a constant 1.92 percent growth rate in dividends forever. If the required return on the stock is 6.13 percent, what is the current share price? (Final Answer Round to 2 decimal points)
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