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Lohn Corporation is expected to pay the following dividends over the next four years: $ 1 4 , $ 1 1 , $ 8 ,

Lohn Corporation is expected to pay the following dividends over the next four years: $14, $11, $8, and $5. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever.
If the required return on the stock is 14 percent, what is the current share price?

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