Dividend Initiation and Stock Value A firm does not pay a dividend. It is expected to pay its first dividend of $$0\mathrm{.}30$ per share in two years. This dividend will grow at $12$ percent indefinitely. Using a $14$ percent discount rate, compute the current value of this stock.

Multiple Choice

$$13\mathrm{.}63$

$$13\mathrm{.}98$

$$13\mathrm{.}16$

$$19\mathrm{.}12$