Question: Question 19: Amazon.com Inc. does not currently pay a dividend. Analysts expect Amazon to commence paying annual dividends in three years. The first dividend is

Question 19: Question 19: Amazon.com Inc. does not currently pay a dividend. Analysts expect

Amazon.com Inc. does not currently pay a dividend. Analysts expect Amazon to commence paying annual dividends in three years. The first dividend is expected to be \$ \\$ 2 \$ per share. Dividends are expected to grow from that point at an annual rate of \4 in perpetuity. Investors expect a \12 return from the stock. What should the price of the stock be today? \$ \\$ 19.93 \$ \$ \\$ 21.37 \$ \$ \\$ 22.03 \$ \$ \\$ 22.32 \$ \$ \\$ 25.00 \$

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