Bethel, Inc. will not pay a dividend for the next four years (i.e., D1=$0;D2=$0;D3 =$0;D4=$0). But exactly five years from today, the company will pay out a dividend of $4.75 (i.e.; D5=4.75 ). After that, the dividend will grow at 2.70% per year forever. If the required rate of return on Bethel's stock is 11%, the stock's current price (i.e., P0 ) is $