Leisure lodge corporation is expected to pay the following, Ask an Expert

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Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $19, $15, $7.6 and $2.9. Afterwards, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price?

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Financial Management, Finance

Category:- Financial Management
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