Hi,

I have an introductory finance question for you. I do not know where or how to begin this question:

6: Molly Corporation just paid a dividend of $1.25 per share. The company expects that the dividend will grow at a rate of 10% for next three years. After year three it is expected that the dividend will decline at a rate of 3% indefinitely. If the required return is 16%, what is the value of a share of stock?