An analyst for Smith Pharmaceuticals is forecasting dividends over the next 5 years, as follows $1.50(Y1), $2.00(Y2), $2.75(Y3), $3.25(Y4) and $4.00(Y5).
In addition, the analyst expects the stock to be worth $72.65 five years from now. If the required rate of return is 10%, what is the stick worth today?