Magnetic Corporation expects dividends to grow at a rate of 17.90% for the next two years. After two years dividends are expected to grow at a constant rate of 03.20% indefinitely. Magnetic’s required rate of return is 09.87% and they paid a $1.97 dividend today. Find the value of Magnetic Corporation’s common stock per share by computing:
a) Dividend at the end of Year 1: "
b) Dividend at the end of Year 2:
c) Dividend at the end of Year 3:
d) Price of stock at end of year 2:
e) Price of stock today: