Kingbird Supplies Ltd. currently doesnt pay any dividends but is expected to start paying dividends in five years. The first dividend is expected to be $1.30 and is expected to grow at 5.0 percent thereafter. The required rate of return for the firm is 10.0 percent. What is Kingbirds current stock price?

Current Attempt in Progress X Your answer is incorrect. Kingbird Supplies Ltd. currently doesn't pay any dividends but is expected to start paying dividends in five years. The first dividend is expected to be $1.30 and is expected to grow at 5.0 percent thereafter. The required rate of return for the firm is 10.0 percent. What is Kingbird's current stock price? (Round intermediate calculations to 3 decimal places, e.g. 20.417 and the final answer to 2 decimal places, e.g. 15.61.) Stock price $ 17.08 e Textbook and Media Assistance Used