Lohn Corporation is expected to pay the following dividends over the next four years: $13, $11, $6, and $1. Afterward, t

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Lohn Corporation Is Expected To Pay The Following Dividends Over The Next Four Years 13 11 6 And 1 Afterward T 1 (61.1 KiB) Viewed 51 times

Lohn Corporation is expected to pay the following dividends over the next four years: $13, $11, $6, and $1. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? Multiple Choice $42.01 $33.93 $32.94 $31.29 $32.83