A common stock just paid a dividend of $2. The dividend is expected to grow at 8% for three years, and then it will grow at 4% in perpetuity. What is the stock worth (super normal growth)?

rate of return on stock=10%

8. A common stock just paid a dividend of Br 2. The dividend is expected to grow at 8% for three years, and then it will grow at 4% in perpetuity. What is the stock worth (super normal growth)