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Lohn Corporation is expected to pay the following dividends over the next four years: $ 1 0 , $ 8 . $ 6 ; and

Lohn Corporation is expected to pay the following dividends over the next four years: $10, $8. $6; and $3. Afterward, the company pledges to maintain a constant 6 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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