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4.) Magnetic Corporation expects dividends to grow at a rate of 19.91% for the next two years. After two years, dividends are expected to grow

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4.) Magnetic Corporation expects dividends to grow at a rate of 19.91% for the next two years. After two years, dividends are expected to grow at a constant rate of 6.45%, indefinitely. Magnetic's required rate of return is 11.71% and they paid a $2.41 dividend today. Compute the following for Magnetic Corporation's common stock: 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

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