Question: Question 17 (5 points) A stock currently does not pay any dividends. The stock is expected to begin paying a dividend of $4.10 per share
Question 17 (5 points) A stock currently does not pay any dividends. The stock is expected to begin paying a dividend of $4.10 per share in two years. After they begin, the dividends are expected to grow forever at a constant rate of 4.7% per year. If investors require a return of 10.2% per year to hold the stock, what is the stock's intrinsic value per share? OA) $67.65 OB) $64.17 C) $65.66 OD) $66.25 E) $68.02
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