Question: A firm does not currently pay a dividend.It is expensive to pay its 1st dividend of 15 cents per share in 3 years.This dividend will

A firm does not currently pay a dividend.It is expensive to pay its 1st dividend of 15 cents per share in 3 years.This dividend will grow at nine per cent indefinitely period using a ten percent discount range, compute the value of this stock

A. $1.59

B. $15

C. $15.19

D. $11.27

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