What is the current share price-lohn corporation

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Lohn Corporation is expected to pay the following dividends over the next four years: $10, $7, $3, and $2. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever.

If the required return on the stock is 11 percent, what is the current share price?

Multiple Choice:

-$36.96

-$45.84

-$38.91

-$37.78

-$35.89

Reference no: EM132648642

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