Amalgamated Industries currently pays no dividends. It will begin paying dividends in 10 years. Its first dividend will be $10.00, and future dividends will grow at 2.45% per year. If investors require a 14.65% return, what is the current stock price?

Answer rating: 100% (QA)

To calculate the current stock price of a company that does not currently pay dividends we use the G... View the full answer