A company's last dividend was $1.00. Its dividend growth rate is expected to be constant at 15% for 2 years, after which dividends are expected to grow at a rate of 10% forever. The required return (rs) is 12%.
What is the company's current stock price?
When you have a dividend that starts at 15% for two years and then grows at a constant rate "forever" how is that figured? (or set up)