Question: please answer fast, i will leave a like! Lohn Corporation is expected to pay the following dividends over the next four years: $9,$8,$4, and $1.

please answer fast, i will leave a like!
please answer fast, i will leave a like! Lohn Corporation is expected

Lohn Corporation is expected to pay the following dividends over the next four years: $9,$8,$4, 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 14 percent, what is the current share price? Multiple Choice $24.98 $24.25 $23.04 $24.16 $33.40

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!