Question
Lohn Corporation is expected to pay the following dividends over the next four years: $18, $14, $10, and $5.50. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $18, $14, $10, and $5.50. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 12 percent, what is the current share price?
What current share price?
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The Oxford Handbook Of Entrepreneurial Finance
Authors: Douglas Cumming
1st Edition
0195391241, 978-0195391244
