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XY is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 0.11 a year for the

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XY is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 0.11 a year for the next 3 years and then decreasing the growth rate to 0.04 per year. The company lust pald its annual dividend in the amount of 0.3 per share. What is the current value of one share of this stock if the required rate of return is 0.195 what is the price of the stock

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