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Use the 2-Stage DDM to compute the price per share value. Expected rate of return: 7.54% Growth rate 1: 4.60% Growth rate 2: 5.60% Stock

Use the 2-Stage DDM to compute the price per share value.

Expected rate of return: 7.54%

Growth rate 1: 4.60%

Growth rate 2: 5.60%

Stock price per share: $45.40

Dividend paid: $0.41

EPS: $2.08

Dividend payout: 68.30%

Plowback ratio: 31.70%

ROE: 46.99%

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