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EDST 60800- Lohn Corporation is expected to pay the following dividends

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January 12th, 2018

Lohn Corporation is expected to pay the following dividends over the next four years: $15, $12, $11, and $3.50. Afterwards, the company pledges to maintain a constant 6 percent growth rate in dividends forever. If the required return on the stock is 10 percent, what is the current share price? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) Current share price$

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