Joven Corp. is a young start-up company and therefore is not paying any dividends on the stock over the next 10 years. The company will start paying a $3 per share dividend at the end of year 11 and thereafter it will increase the dividends by 3% per year forever. If the required rate of return on this stock is 9%, what is the current (todays) share price?

Question 10 options:

	17.08
	23.02
	21.12
	25.00
	20.00
	12.71
	14.64
	22.22
	30.01