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Lohn Corporation is expected to pay the following dividends over the next four years: $11,...

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Finance

Lohn Corporation is expected to pay the following dividends over the next four years: $11, $9, $4, and $3. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice $43.94 $41.32 $50.21 $40.52 $42.66

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