Question: MacroDense Ltd. currently does not pay a dividend. There is a general consensus among analysts that the firm will start paying dividends in five years.

MacroDense Ltd. currently does not pay a dividend. There is a general consensus among analysts that the firm will start paying dividends in five years. The first dividend is predicted to be $1.00 and future dividends will grow at a rate of 6% per year after that. You require a 10% rate of return for assets of this risk. What is your valuation of MacroDense stock? $17.08 $25.00 $15.52 $23.45 None of the above

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