Question: DDP Enterprises currently does not pay a dividend but plans to makes its first dividend payment of $ 1 in 3 years, if the expected

DDP Enterprises currently does not pay a dividend but plans to makes its first dividend payment of $1 in 3 years, if the expected growth rate is 10% per year once dividends commence, and the appropriate is discount rate is 18%, what is the current stock price today?
Group of answer choices
$8.98
$8.37
$ 13.75
$ 14.75

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