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Show work and use formulas if possible Lohn Corporation is expected to pay the following dividends over the next four years: $11, $9, $7, and

image text in transcribedShow work and use formulas if possible

Lohn Corporation is expected to pay the following dividends over the next four years: $11, $9, $7, 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 16 percent, what is the current share price? Multiple Choice $43.27 $40.85 O O $39.91 $49.29 u $42.01

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