Lohn Corporation is expected to pay the following dividends over the next four years: $9, $7, $5, and $3. Afterward, the company pledges to maintain
Lohn Corporation is expected to pay the following dividends over the next four years: $9, $7, $5, and $3. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price?
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Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
