Question: Simon Corp. currently does not pay a dividend but plans to makes its first dividend payment of $1 in three years. If the expected growth

Simon Corp. currently does not pay a dividend but plans to makes its first dividend payment of $1 in three years. If the expected growth rate is 10 percent per year once dividends commence and the appropriate is discount rate is 16.2 percent, what is the current share price today?

$16.13

$10.28

$13.33

$11.95

Clear my choice

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