Stock in Canacorp will pay a dividend of $1.23 at the end of one period, $2.45 at the end of two periods, and then dividends will grow at a constant rate of 6.25% per year indefinitely. If the required return is 11% we can value Canacorp stock by finding P2 using D3, then finding P0 = D1/(1.11) + D2/(1.11)2 + P2/(1.11)2. In this formula it almost appears as if we are ignoring all dividends from year three on. Discuss.