Question 24 1 pts Watermelon Co. is a young start-up company. No dividends will be paid on the stock over the next 9 years because the firm needs to plow back its earnings to fuel growth. The company will then pay a dividend of $23 per share 5 years from today and will increase the dividend by 5% per year thereafter. If required return on this stock is 12%, what is the current share price? 186.44 118.49 208.81 328.57 Previous Next