Lohn Corporation is expected to pay the following dividends over the next four years: $10,...
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Lohn Corporation is expected to pay the following dividends over the next four years: $10, $7, $6, and $2.75. Afterwards, the company pledges to maintain a constant 5 percent growth rate in dividends from year 5 to year 10, and then 2 percent growth in dividend forever. If the required return on the stock is 12 percent, what is the current share price?
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