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grow at a Suppose the last dividend paid on 1BM shave is $1. The dividends are expected to at a reapid growth rate of 10%

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grow at a Suppose the last dividend paid on 1BM shave is $1. The dividends are expected to at a reapid growth rate of 10% over the next three years, then at a constant reate of 4% per year thereafter. If the expected rate of return on Intel share (a similar assest in the same risk elass) is 12%, find the fundamental market price of IBM stock. keep our decimal places in your computations

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