26. A stock pays a dividend of $5 this year. The dividend is expected to grow at 50% from year 1-3. From year 4 forever, the dividend is expected to grow at 5% per-year. The yield curve for the US market is as follows. The beta of the stock is 1.2. The market risk premium is 5%. Calculate the fair value for this stock 2.4 Amerika Serikat 2.2 2.0 1.8 1.6 6 M 1 Y 3Y 5Y 10 Y 30 Y 18/11/2019 18/10/2019