what's the difference between fully secured, partially secured, unsecured with priority, and unsecured?

Problem 4-17 Two-stage DCF model Company Z-prime's earnings and dividends per share are expected to grow by 3 year its growth will stop after year 4. In year 5 and afterward, it will pay out all earnings as dividends. Assume next year's dividend is $9, the market capitalization rate is 13% and next year's EPS is $16. What is 2 prime's stock price? (Do not round Intermediate calculations, Round your answer to 2 decimal places.) 18.70