$P_3=P{a}_1(1+g{)}^3=24\mathrm{.}5(1+0\mathrm{.}053{)}^2=28\mathrm{.}77$

GGG Company just paid a dividend of S$5.$ The company's dividend is expected to grow by $30\%$ this year, by $10\%$ in Year $2,$ and at a coestant rate of $5\%$ in Year $3$ and thereafter. The required retum on this stock is $9\%.$ What is the best estimate of the stock's current market value?

GGG Company just paid a dividend of $$5.$ The company's dividend is expected to grow by $30\%$ this year, by $10\%$ in Year $2,$ and at a constant rate of $5\%$ in Year $3$ and thereafter. The required return on this stock is $9\%.$ What is the best estimate of the stock's current market valum?