Calculate what is the current share price

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Reference no: EM131970983

Lohn Corporation is expected to pay the following dividends over the next four years: $17, $13, $12, and $7.50. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever.

If the required return on the stock is 15 percent, what is the current share price?

Reference no: EM131970983

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