Leisure lodge corporation is expected to pay the following


Leisure Lodge Corporation is expected to pay the following dividends over the next four years: $21, $15, $5.8 and $3. Afterwards, the company pledges to maintain a constant 3 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price?

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Financial Management: Leisure lodge corporation is expected to pay the following
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