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You wish to value Siemens AG, which is currently paying a cash dividend of 1.00 per share. Suppose the dividend paid by the company currently

You wish to value Siemens AG, which is currently paying a cash dividend of 1.00 per share. Suppose the dividend paid by the company currently is expected to decline linearly from the growth rate of 29.28% to a final and perpetual growth rate of 7.26% over the next 16 years. If the risk-free rate is 5.34%, the market risk premium is 5.32% and Siemens estimated beta is 1.37, what is the value of Siemens stock per share toady? Use Two-stage H Model

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