3. Company As dividends are expected to grow at 10% for the first two years and then will grow at 5% indefinitely. The required rate of return is 9%. The company just paid a $1 dividend.

a. What is the price of its stock today?

b. What is the price of its stock a year from now?

c. What is the dividend yield?

d. What is the total return on the stock if you bought it today and sell it next year?

Please show all work.