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You own a stock that you are considering selling the

You own a stock that you are considering selling. The current dividend is $1.10/share. Your required return for this stock is 7%. The current market price of the stock is $23.50. Consider each of the following situations separately.

a. If the dividend is fixed, what is the value of the stock? Should you sell it?

b. If the dividend grows at 2% indefinitely, what is the value of the stock? Should you sell it?

c. If the dividend grows at 5% for the first two years and then 2% indefinitely, what is the value of the stock? Should you sell it?

Please show work so I can understand how to do this problem,

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