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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 9 years. Its first dividend will be $4.20, and future dividends will grow

Amalgamated Industries currently pays no dividends. It will begin paying dividends in 9 years. Its first dividend will be $4.20, and future dividends will grow at 3% per year. If investors require a 9% return, what is the current stock price? Question 1 options: $33.37 $32.23 $35.13 $31.97 $34.08

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