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Amalgamated Industries currently pays no dividends. It will begin paying dividends in 6 years. Its first dividend will be $3.35, and future dividends will grow

Amalgamated Industries currently pays no dividends. It will begin paying dividends in 6 years. Its first dividend will be $3.35, and future dividends will grow at 3.6% per year. If investors require a 12.75% return, what is the current stock price?

Question 6 options:

$20.70

$20.09

$17.68

$17.82

$19.49

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