Question: use Excel to do the calculations 3. (25 points) Lohn Corporation is expected to pay the following dividends over the next four years: $12, $9,

use Excel to do the calculations

use Excel to do the calculations 3. (25 points) Lohn Corporation is

3. (25 points) Lohn Corporation is expected to pay the following dividends over the next four years: $12, $9, $6.60, and $2.10. Afterwards, the company pledges to maintain a constant 4.6 percent growth rate in dividends forever. If the required return on the stock is 12 percent, what is the current share price

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