Investors require a 10 percent per year return on the stock of the Mina's Corporation, which anticipates a non-constant growth pattern for dividends. The company paid a $3.50 per share dividend. The dividend is expected to grow by 16 percent per year until the end of year 4 and 7 percent thereafter. What is the Value of the stock? * 3 points What is the price of the stock at the end of the supernormal growth period? What is the Present Value of the dividends during the supernormal growth ∗
3 points period?