Question: Next Software Inc. expects to pay no dividends for the next four years. Beginning five years from now, the company is expected to pay

Next Software Inc. expects to pay no dividends for the next four

Next Software Inc. expects to pay no dividends for the next four years. Beginning five years from now, the company is expected to pay a dividend of $2.50, which is expected to increase by 4.00 percent annually. At a discount rate of 10 percent, the value of a share of Next Software's stock today is closest to $28.46 $32.55 $41.67 $47.15

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