The last dividend paid by Yum! Brands, Inc. (YUM) was $0.84. Yum's annual dividend growth rate is expected to be 20 percent for 5 years, after which dividends are expected to grow at a rate of 6 percent forever. Yum's required rate of return on equity (discount rate) is 10 percent. What is the current intrinsic value of Yum's common stock? (NON-CONSTANT GROWTH STOCK) The last dividend paid by Yum! Brands, Inc. (YUM) was $0.84. Yum's annual dividend growth rate is expected to be 20 percent for 5 years, after which dividends are expected to grow at a rate of 6 percent forever. Yum's required rate of return on equity (discount rate) is 10 percent. What is the current intrinsic value of Yum's common stock? (NON-CONSTANT GROWTH STOCK)