Question: a common stock does not currently pay any dividends. the first dividend of $3.51/share is expected at the end of year six. after that, the

a common stock does not currently pay any dividends. the first dividend of $3.51/share is expected at the end of year six. after that, the dividends will grow at a constant rate of 4.20% in perpetuity. the required rate of return on the asset is 11%. how much would you be willing to pay for this stock today? $27.65/share $31.91/share $30.63/share $51.62/share

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