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Lohn Corporation is expected to pay the following dividends over the next four years: $12,$10,$6, and $4. Afterward, the company pledges to maintain a constant

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Lohn Corporation is expected to pay the following dividends over the next four years: $12,$10,$6, and $4. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? Multiple Choice $54.82 $60.83 $52.08 $5646

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