looks visibile to me

1) Suppose a wealthy retiree bought 1,000,000 in high yield stock at the beginning of the year. For simplicity, assume the dividend income is collected at the end of the year. a) Suppose the stock dividends amount to D4 = 100,000 a year, for an annual interest rate of i = 0.1. What is the theoretical price of the stock according to the dividend discount model? b) Suppose i = 0.1 and D = 100000, and for the first year, the stock dividends were D1 = 100,000 = D, and that the dividend amount is expected to increase by 1% a year so D2 = 100000(1.01), D3 = 100000(1.01), and D+ = 100000(1.01)-1 = D(1.01)-1. What is the theoretical price of the stock according to the dividend discount model