Question: Please solve Question 2 showing each step Question 2 CDS Inc. is entering the declining state of its life cycle. The current dividend is $5

Please solve Question 2 showing each step

Question 2

CDS Inc. is entering the declining state of its life cycle. The current dividend is $5 per share. The dividend is not expected to grow (remain constant) in the next ten years, then a negative growth of 3% per year for twenty years and finally a negative growth of 1% forever. If the required return (discount rate) is 6% per year, calculate the current share price.

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