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You are evaluating the stock of Company XYZ, which pays a dividend of $2 per share today. The company has a dividend growth rate that

You are evaluating the stock of Company XYZ, which pays a dividend of $2 per share today. The company has a dividend growth rate that follows a specific pattern. It is expected to grow at 10% for the next two years, then drop to 5% for the subsequent three years, and finally stabilize at a constant growth rate of 3% indefinitely. The required rate of return for investors is 8%. Calculate the intrinsic value (stock price) of Company XYZ's shares using the Dividend Discount Model with varying growth rates.

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