Question: Stark Industries is not expected to pay a dividend until ten years from now. The current stock price valued using the dividend discount model (DDM)

Stark Industries is not expected to pay a dividend until ten years from now. The current stock price valued using the dividend discount model (DDM) will be at $43.788. If the dividend is expected to increase at a rate of 5% thereafter and the required rate of return is 12%, the dividend of Stark Industries ten years from now is closest to..... (three decimals)

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