Question: Please list step by step calculations. Consider a stock that will pay its first dividend of $1.50 in 6 years (D6). After that, the company

Please list step by step calculations. Consider a stock that will pay its first dividend of $1.50 in 6 years (D6). After that, the company will increase the dividend by 20% each year for 2 years. After that, the company will increase the dividend by 5% each year forever. The required return on the stock is 13%. What are stock price, DY, and CGY for the following years? a. This year b. Five years from now c. 10 years from now

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