Lohn corporation is expected to pay the following dividends, Ask an Expert

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Lohn Corporation is expected to pay the following dividends over the next four years: $3.05, $4.64, $3.77, and $4.85. Afterward, the company pledges to maintain a constant 1.33 percent growth rate in dividends forever. If the required return on the stock is 5.99 percent, what is the current share price?

Omit the $ dollar sign and commas. Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92839826

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