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A share of Shehryar, Inc. stock is expected to pay a $5.00 dividend one year from now. Dividends are then predicted to grow by 20.00%/year

A share of Shehryar, Inc. stock is expected to pay a $5.00 dividend one year from now. Dividends are then predicted to grow by 20.00%/year for two years. Across years 4, 5, and 6, dividends will grow by 10.00%/year. Therafter, dividends are forecasted to grow by 5.00%/year forever. Use a required rate of return of 13.00%/year and calculate a fair price for a share of this stock today.

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