$1$ Isten

houngs, he just paid a dividend of $$3\mathrm{.}20($i$.$e$,D_0=3\mathrm{.}20).$ Arcturus's dividends will $80$w at $20\%$ netryear and then $30\%$ for the two years after that. Beginning in year $4$ the bividend will Brow at $4\%$ every vear forever. Assuming a $11\%$ cost of equity.

the Orentert stock price should bes