City Garden Suppliers paid a $1 dividend yesterday. It is expected that the dividend will grow at

Question:

City Garden Suppliers paid a $1 yesterday. It is expected that the will grow at 10% per year for 4 years, 8% per year for 10 years, and then at 5% per year thereafter. If the investors' expected rate of return is 12%, what is the stock worth today?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...