Question: Question 6: T&M Inc. will pay no dividends on the stock over the next 10 years, because the firm is planning to expand to Asia

Question 6: T&M Inc. will pay no dividends on the stock

Question 6: T&M Inc. will pay no dividends on the stock over the next 10 years, because the firm is planning to expand to Asia and Australia. The company will then pay a dividend of $10 per share in year 11 and will increase the dividend by 20% in year 12 while dividends are expected to grow at 3 per year indefinitely thereafter. If the required return on this stock is 10%, what is the current price of this stock? 20 points

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