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4. Consider a stock that plans to pay a fixed dividend of $2 each year for the next 3 years and then a $3 dividend

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4. Consider a stock that plans to pay a fixed dividend of $2 each year for the next 3 years and then a $3 dividend in 4 years. After that, dividends will increase by 3.5% per year forever. The required return is 15%. What are stock price, DY, and CGY for the following years? a. This year b. Next year c. Three years from now d. Four years from now e. 10 years from now

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