2.1 You have been asked to value an appropriate share price for Northern Star Plc, which has just issued an annual dividend (DC) of 0.62. Analysis of the company has indicated that future dividend policy will most likely be determined by the following three-stage profile: High growth at 13% for 3 years followed by, growth rate dropping each year by 1% for 6 years then a constant perpetual growth of 6% thereafter Assume a constant discount rate over the period of 8% "Ci De V = CHrit Using the dividend discount model, what is a fair price to pay for shares in this company? Doza (Hre