# Suppose the divident today, Do, is $2.50, and the growth rate (g) is expected to be 25% for the next

Suppose the divident today, Do, is $2.50, and the augmentation rate
(g) is expected to be 25% for the instant 3 yrs, followed by a normal
augmentation rate (g) of 6% thereafter. Assume the investors claim 13%,
rs. Calculate the estimate of the fund today, Po. This is a super
normal augmentation example.