Question: Return to question A firm does not pay a dividend. It is expected to pay its first dividend of $0.44 per share in three years.

Return to question A firm does not pay a dividend. It

Return to question A firm does not pay a dividend. It is expected to pay its first dividend of $0.44 per share in three years. This dividend will grow at 12 percent indefinitely. Use a 13 percent discount rate. 0.75 points Compute the value of this stock. (Round your answer to 2 decimal places.) Answer is complete but not entirely correct. Stock value $ 14.10

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