Notation Pi is the stock value in year j P1 is the stock value in year 1 Po is the stock value in year 0 Di is the cash dividend in year j Di is the cash dividend in year 1 >K is the required rate of return on the stock THE COURSE OF FINANCE 2017 SPRING SJTU 12Notation  Pj is the stock value in year j P1 is the stock value in year 1 P0 is the stock value in year 0  Dj is the cash dividend in year j D1 is the cash dividend in year 1  K is the required rate of return on the stock THE COURSE OF FINANCE 2017 SPRING SJTU 12