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The ABX News Co . paid the last dividend ( D 0 ) of $ 2 / share , and the dividend is expected to

The ABX News Co $.$ paid the last dividend $($ D $0)$ of $ $2 /$ share $,$ and the dividend is expected to grow at a rate of $12 %$ over the next $4$ years. It will then grow at a normal, constant rate of $3 %$ for the future. The rate of return is $11 % .$ What should the stock price be today?

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The ABX News Co . paid the last dividend ( D 0 ) of $ 2 / share , and the dividend is expected to

The ABX News Co. paid the last dividend (D0) of $2/share, and the dividend is expected to grow at a rate of 12% over the next 4 years. It will then grow at a normal, constant rate of 3% for the future. The rate of return is 11%. What should the stock price be today?

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The ABX News Co $.$ paid the last dividend $($ D $0)$ of $ $2 /$ share $,$ and the dividend is expected to grow at a rate of $12 %$ over the next $4$ years. It will then grow at a normal, constant rate of $3 %$ for the future. The rate of return is $11 % .$ What should the stock price be today?