Question: Wish You Were Here, Inc, currently does not pay a dividend but is expected to pay its first annual dividend of $5.00 per share exactly

Wish You Were Here, Inc, currently does not pay a dividend

Wish You Were Here, Inc, currently does not pay a dividend but is expected to pay its first annual dividend of $5.00 per share exactly 9 years from today. After that, the dividends will grow at 3.7 percent forever. If the required return is 11.5 percent, what is the price of the stock today? Multiple Choice $26.83 $47.93 $64.10 $24.07

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