Sam is considering buying a share with the following expected dividends: Time (yrs) 0 1 2 3 Dividend ($) 3.00 3.10 3.15 3.20 The dividend is expected to grow by 1.5% pa in perpetuity after Year 3. Therefore: The dividend at t=4 will be $3.20(1+0.015) The dividend at t=5 will be $3.20(1+0.015)^2, and so on. Shareholders required return is 7% pa. The required return and the growth rate are effective annual returns. Calculate the price of the stock in two and a half years (t=2.5)