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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 7 years. Its first dividend will be $5.40, 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 $5.40, and future dividends will grow at 2% per year. If investors require a 9.35% return, what is the current stock price? $44.26 $45.12 $39.30 $46.41 $42.97

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