Dividends over the next four years

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Lohn Corporation is expected to pay the following dividends over the next four years: $8.01, $7.09, $3.99, and $1.34. Afterward, the company pledges to maintain a constant 1.8 percent growth rate in dividends forever. If the required return on the stock is 7.77 percent, what is the current share price?

Reference no: EM131059686

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