Question 1 Stock A experiences non constant growth of dividends during the first 3 years since the company's establishmen, and subsequently it experiences constant growth of dividends. The issu dividend d' USD 3.4 per share. The growth rate of dividend during the first 3 years of abnormal growth happened to be 0.09 for all. From the beginning of year 4. the growth rate of divider 0.00 for ever. The market requires a return of 0.12 for stock A. Calculate the price of stock A today. Give an answer of 0.000. The formulae are P = 0;/(1+r)". D241++)2-D3/(1+r). Dar-9X 1++)3 and Dr = (1+91)*Dn+1 +