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$01$:$28$:$12$

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Question $1$

Max, score: $1\mathrm{.}00$

$1$

ABC Inc. has distnbuted a $$1\mathrm{.}31$ annual dividend to its stockholders. For the following seven years, the corporation plans to keep dividend groweh at a steady $245$ The

$2$ growth rate will then stabilize at $8\%$ for all time after that. Mr John, a novice investor who needs a $12\%$ rate of return, wants to figure out the stock's value fielp him out with the math.