2) You know XYZ Corp. has just paid a dividend of 79.2p (or 0.792) per share. You expect that earnings will grow at an extraordinary rate of 10% over the next four years before slowing down to a normal 3%. The required return is 15%. What is the value of the share?

please help with clarifying if when calculating the first part of the supernormal growth if Do would change with the year or remain the same? -- D1 = Do (1+g) i.e would i change with year when calculating D2, D3 , D4 or stay the same

Thank you