Question: Amalgamated Industries currently pays no dividends. It will begin paying dividends in 8 years. Its first dividend will be $1.95, and future dividends will grow

Amalgamated Industries currently pays no dividends. It will begin paying dividends in 8 years. Its first dividend will be $1.95, and future dividends will grow at 2.28% per year. If investors require a 16.75% return, what is the current stock price? $3.90 $4.79 $4.69 $4.56 $4.42

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