Business, 13.03.2020 05:56 kathleen1010

Lohn Corporation is expected to pay the following dividends over the next four years: $13, $9, $6, and $2.75. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 10.75 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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Lohn Corporation is expected to pay the following dividends over the next four years: $13, $9, $6, a...

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