Question 5' Two-Stage Dividend Discount Model: Basics Newell Corporation, a manufacturer of doit-yoorself hardware and house reported earnings per share of $2.19 in 1993, on Twhich it paid dividends $9.69. Earnings are expected to grow 15% a year from 1994 to 1993, dori period the dividend payout ratio is expected to remain unchanged. After 1