Sorry you need a little more detail for your question.
Answer:
In order to find the price of a stock which has different growth rate at different periods, we need to find the price at a time when the growth rate slows down after the initial burst of growth and is stable, in this case its in the 4th period.
Year 4 dividend = 2.07
Growth rate (G)= 8%
Required return (R)= 12%
DDM formula for stock price = D*(1+G)/R-G
2.07*(1+0.08)/0.04
=55.89
The maximum that you should be willing to pay for the stock 4 years from now is $55.89 but in order to find out what the maximum we should pay for the stock now, we need to discount this price 4 years back to the present value using the required return of 12 %
so 55.89/1.12^4=35.52
The maximum that you should be willing to pay for the stock now is $35.52
Explanation:
Answer:
![Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}](https://tex.z-dn.net/?f=Px%20%3D%20%5Cfrac%7B%5B%28N%2AP%29%20%2B%28N%2AP%2AM1%5D%2FN%7D%7B1%2B%20M2%7D)
And if we replace we have this:

So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.
See explanation below.
Explanation:
For this case we define the following notation:
N= 500 represent the number of stocks for JAsper
P = 41 represent the stock price
M1 = 60% = 0.6 represent the initial margin
Px represent the highest stock price the variable of interest for this case
M2= 40% or 0.4 represent the mainteneance margin
We can find the value of Px with the following formula on this case:
![Px = \frac{[(N*P) +(N*P*M1]/N}{1+ M2}](https://tex.z-dn.net/?f=Px%20%3D%20%5Cfrac%7B%5B%28N%2AP%29%20%2B%28N%2AP%2AM1%5D%2FN%7D%7B1%2B%20M2%7D)
And if we replace we have this:

So then the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent is $ 46.86.