We know D0= $2.9, r= discount rate= total return = 11.25%

Now assume that Bon Temps's dividend is expected to grow 30% the first year, 20% the second year, 10% the third year, and return to its long-run constant growth rate of 4%. What is the stocks value under these conditions? What are its expected dividend and capital gains yields in Year 1? In Year 4?

Suppose Bon Temps is expected to experience zero growth during the first 3 years and then resume its steady-state growth of 4% in the fourth year. What would be its value then? What would be its expected dividend and capital gains yields in Year 1? In Year 4?

Please show in excel