Question: current year dividend = 3.40 g1= 0% for year 1 g2= 5% for year 2 & 3 g3= 15% for year 4 g4= 10% for

current year dividend = 3.40

g1= 0% for year 1

g2= 5% for year 2 & 3

g3= 15% for year 4

g4= 10% for year 5 and infinity

Ke= 14%

P= ?? (maximum price that per share that an investor should pay )

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