Problem $11$

Intro

ABC Corp. has just paid a quarterly dividend of $$0\mathrm{.}27.$ ABC $\text{'}$s dividends will grow by $5\%$ for the next $4$

quarters, and then grow by $0\mathrm{.}5\%$ thereafter. ABC has a quarterly required return of $4\%.$

Part $1$

Attempt $\frac{3}{10}$ for $10$ pts$.$

What is the value of the stock?