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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 10 years. Its first dividend will be $10.00, and future dividends will grow

Amalgamated Industries currently pays no dividends. It will begin paying dividends in 10 years. Its first dividend will be $10.00, and future dividends will grow at 2.45% per year. If investors require a 14.65% return, what is the current stock price?

$22.51

$23.95

$20.89

$23.23

$21.55

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