Question: Q A startup will start paying dividends at the end of year 6. The initial growth rate is 10%. This growth rate will continue until

Q A startup will start paying dividends at the end of year 6. The initial growth rate is 10%. This growth rate will continue until year 10. Starting from year 11, the growth rate drops to 5%. The discount rate is 15%. What is the current price of the stock if the initial dividend is $10?

$83.85

$58.14

$59.52

$85.49

$57.82

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