Question: Twitter has decided to pay its first dividend next year. The dividend will be $1.69 per share and will grow at 7.9% annually indefinitely. Stocks

Twitter has decided to pay its first dividend next year. The dividend will be $1.69 per share and will grow at 7.9% annually indefinitely. Stocks with similar risk have an average rate of return of 16.5%. What is the price of a Twitter share?

$ 21.39

$ 19.65

$ 10.24

$ 28.76

$ 25.15

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