D$14$

$f_x$

A

B

C

D

E

F

G

$H$

I

J

K

L

Question #$3-3$ Stage Growth Function

First, answer the question use the techniques taught in the summer course. Next, create a function called: stage$3($g$1,$ g$2,$ g$3,$ n$1,$ n$2,$ rt$,$ div$0)$

Where $g1$ is the period $1$ growth rate, $g2$ is the period $2$ growth rate and $g3$ is the terminal growth rate N$1$ is the length of time dividends grow at g$1,$ N$2$ is the length of time dividends grow at g$2,$ and $rt$ is the discount rate and div$0$ is the dividend just paid.

Suppose NVDA just paid a dividend of $$1\mathrm{.}00$ per share. Dividends are expected to grow at $30\%$ for $5$ years, $20\%$ for the subsequent $5$ years, and $3\%$ thereafter. $($forever$).$ Investors require a $12\%$ rate of return.