a) Define and explain this model as well as its usage

b) Given the following data:

Dividend payment of 1.03$;

21% growth for the next 2 years (g1);

Growth then decreases for the following 6 years until it stabilizes at 5.0%;

Required rate of return is 9.0%;

The stock price is 52$

Assuming 3 levels of growth, use the H model to evaluate this stock.