1) video

Consider the following scenario: The last dividend the company paid was D0=$1. The rate of growth in both earnings and dividends during the 3.year nonconstant growth period is g1=10%, the normal growth rate after the nonconstant peciod, l.e., starting at the end of year three and in the future is gs=4%, and the required (minimum acceptable) rate of return on the stock is rs=9%. What is the formula for the stock's intrinsic value in this case