Lohn corporation is expected to pay the following dividends


Lohn Corporation is expected to pay the following dividends over the next four years: $20, $16, $15, and $8.50. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: Lohn corporation is expected to pay the following dividends
Reference No:- TGS01360220

Expected delivery within 24 Hours