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Lohn Corporation is expected to pay the following dividends over the next four years: $17, $13, $12, and $7.50. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever.

If the required return on the stock is 15 percent, what is the current share price?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92808636

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