Bravo Corporation

[12 Marks] Question 8 The stock of Bravo Corporation currently pays a dividend (Do) at the rate of R2 per share This dvidend s expected to increase at a 9 percent annual rate for the next 3 years, at a 7 percent annual rate for the foilowing 2 years, and at 4 percent per year thereafter gequired: What is the share value of Bravo stock to an investor who demands a 24 percent rate of return on this stock