• Dividends will grow at a 10 percent rate for the next three (4) years; i.e., g1 = g2 = g3 = 10%.
• Beginning in Year 5, dividends will grow at a 20 percent rate, which will continue for the rest of the firms life; i.e., g4 = = g = 20% = gnorm.
• Last dividend paid was $1; i.e., D0 = $1.00.
• rs = 5%

find the stock value!!