Is CFA incorrect here? (L1 Equity Valuation- Multistage Dividend Growth)

A place for discussion and study tips for the Chartered Financial Analyst® (CFA®) program. Check out our FAQ, Linkedin Networking group and Discord!
Can anyone help walk me through the steps to solve please? (L1 Equity Valuations)

A place for discussion and study tips for the Chartered Financial Analyst® (CFA®) program. Check out our FAQ, Linkedin Networking group and Discord!
No Love for Royal on Nugs?
Fusing bluegrass to psych-rock, country, and jam music, without fussing over what bluegrass should be.AC Security?
Fusing bluegrass to psych-rock, country, and jam music, without fussing over what bluegrass should be.My sis snagged this shot in Augusta last night. In the Bill Zone!!🔮

Fusing bluegrass to psych-rock, country, and jam music, without fussing over what bluegrass should be.