The most recently paid dividend by Bridges & Associates was $$0\mathrm{.}625$ per share. For the coming $3$ years, the annual growth of its dividend is expected to $20\%,25\%$ and $35\%$

respectively. After $3$ years, the dividend growth will slow down to a constant rate of $6\%$ per year. The required rate of return on the stock of Bridges & Associates is $10\%.$

What would be the value of the stock today?

What would be the value of the stock $5$ years from today?

If market is in equilibrium, calculate the total return stock investors expect to earn in year $1.$

If market is in equilibrium, calculate the dividend yield and capital gains yield stock investors expect to earn in Year $5$

If an investor expects to earn a total return of $12\%,$ is the stock currently over$-$valued or under$-$valued? Explain.