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04) Magnetic Corporation expects dividends to grow at a rate of 13.28% for the next two years. After two years, dividends are expected to grow

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04) Magnetic Corporation expects dividends to grow at a rate of 13.28% for the next two years. After two years, dividends are expected to grow at a constant rate of 4.05%, indefinitely. Magnetic's required rate of return is 14.70% and they paid a $1.54 dividend today. Compute the following for Magnetic Corporation's common stock: a) Dividend at end of year 1: (0.5 points) b) Dividend at end of year 2:(0.5 points) c) Dividend at end of year 3: (0.5 points) d) Price of stock at end of year 2: (1 point) e) Price of stock today: (1 point) Q5) What is the total percentage return for an investor who purchased a stock for $8.26, received $2.46 in dividend payments, and sold the stock for $9.06? (2 points)

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