5.2 usd was paid as a dividend per share by TLD company. The dividend will increase by 20 & next year and will decrease its dividend growth rate by 5% per year until the moment when it will reach the industry average of 5 % dividend growth. After that the company will keep a constant growth rate till the end. The required return on stock is 13%. Please count share stock sell for today.

Hint. First year growth rate 20% ; second 15% and so on.