Question: Please show formulas/steps so that I can really learn it. Thank you! Suppose in 1999 you estimated TXN's 2000 dividend per share will be 0.360

Please show formulas/steps so that I can really learn it. Thank

Please show formulas/steps so that I can really learn it. Thank you!

Suppose in 1999 you estimated TXN's 2000 dividend per share will be 0.360 TXN's 2001 dividend per share will be 0.457 TXN's 2002 dividend per share will be 0.533 TXN's 2003 dividend per share will be 0.650 TXN's required return is constant at 16.65% After 2003, TXN's (dividend) growth rate will be 16.1% Using the two-stage DDM, what is the fundamental value in year 1999

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