Solution-Current share price, Leisure Lodge Corporation is

Current share price

Reference no: EM131387621

Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $22, $15, $7.4 and $2.7. Afterwards, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 19 percent, what is the current share price?

Reference no: EM131387621

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Current share price

Reference no: EM131387621

Reference no: EM131387621

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