Answer appropriately

QUESTION The value of a stock using a 3-stage DDM is the present value of expected divident during the growth .Combining the DDM. H-model and a 3-staged DDM becomes more usefull or any firm which in additon to changing growth over time, theres an expected change on the other dimensions, ie pay out policy and the risks. Illustration The divend for G4S in 2015, was 3.30$ per share and the current price is at 194.99 $ The analsyt has made the following estimates i The current RRR for G4S is 9% ii. the dividends will grow at 14% for the next 2 years , 12% for the following 5 years and 6.75% thereafter. I Required Estimate the value of G4S using 3-staged DDM