Future Corp. just paid a dividend of $2 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year, indefinitely. Investors required return is 14 percent for the first three years, a 12 percent return for the next three years, and then an 8 percent return thereafter. What is the current share price for the stock? 我是这样算: 2*(1+4％)/(1.14)+ 2*(1+4％)^2/(1.14)^2+2*(1+4％)^3/(1.14)^3 +2*(1+4％)^3/(1.12)+ 2/*(1.14)^4/(1.12)^2+2*(1.14)^5/(1.12)^3 +2*(1.14)^5/(1.08)^5 我不是很清楚折现要算第几年??是这样算吗? --

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