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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 7 years. Its first dividend will be $6.65, and future dividends will grow

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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 7 years. Its first dividend will be $6.65, and future dividends will grow at 1.12% per year. If investors require a 6.65% return, what is the current stock price? $79. $71.91 $84.17 $76.63 $81.72

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