If the company will pay 2 dividend next year what is the


Xyz company is a young company. The investors expect the dividends will grow at 20% per year for the first three yeears, and it will continue to grow at 5% later. If the company will pay $2 dividend next year, what is the stock value? (The year 1 $2 divdiend already reflects a 20% growth, only have two more years that will have 20% growth) Discount Rate is 10% Can you show me how to do it step by step.

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Financial Management: If the company will pay 2 dividend next year what is the
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