What is the price of the following stock today $(P_0)$ assuming the following?

$-$Current Dividend $=$$$3$

$-$Dividend growth in one year $=10\%$

$-$Dividend growth in two years $=9\%$

$-$Constant dividend growth thereafter $=3\%$

$-$Required return $=6\%$

What is the required return of the following stock?

JKL$\text{'}$s stock is currently selling for $$28.$ The company expects to pay a $$2$

dividend next year which will then grow at $4\%$ per year.

$xYZ$ Corp. has earnings of $$2\mathrm{.}60$ per share. The benchmark Price$-$Earnings ratio

for the company is $19.$ What stock price would you consider appropriate?