Joshua, the financial analyst of an investment company, has found that Company YH will have a growth rate of 30 percent for five years. After that, the company will grow at 25 percent for another five years.
Then the company will have a growth rate for 20 percent for ten years. Then the company will have a constant growth rate of 10%.
The required rate of return of investors for this company is 15%. If Company YH just paid a dividend of $0.40, what should be the stock price of the company?