Suppose you're a financial analyst who has been asked to perform fundamental analysis on a company. The company you've been asked to analyze pays an annual dividend of $15. The dividend is expected to grow at a rate of 8% going forward and the discount rate is 12%.

a. What types of information would typically be used for this purpose?

b. What model would you select to find the price of the stock today given this information and why would you choose that model?

c. What would be the price of the stock today using the model you've selected? Remember to show the work used to obtain the price.