Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $1.60 next year. The growth rate in dividends for all three companies is 4 percent. The required return for each company's stock is 9.20 percent, 11.70 percent, and 15.70 percent, respectively. Lohn Corporation is expected to pay the following dividends over the next four years: $15, $10, $8, and $4. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 12 percent, what is the current share price? Multiple Choice $60.61 $59.52 56265