Nachman Industries just paid a dividend of D0 = $1.32. Analysts expect the company's dividend to grow

Question:

Nachman Industries just paid a of D0 = $1.32. Analysts expect the company's to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the best estimate of the current market value?
a. $41.59
b. $42.65
c. $43.75
d. $44.87
e. $45.99

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...