An 11% return is required on the stock of Holmgren Resorts. The firm does not now pay a dividend, but five years from now (D5 = $1.00), it expects to start paying a dividend of $1.00 per share. Once created, the dividend is anticipated to grow by 25% annually for the first two years, after which it is anticipated to grow by a steady 10% annually. Required: What should the current stock price of Holmgren be