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Lohn Corporation is expected to pay the following dividends over the next four years: $11, $9, $5, and $3. Afterward, the company pledges to maintain

Lohn Corporation is expected to pay the following dividends over the next four years: $11, $9, $5, and $3. 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?

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