5. Bristol-Myers Squibb Company (stock ticker is BMY) is expected pay a dividend of $1.86 per share at the end of this year and a $1.92 per share at the end of the second year. Immediately after Bristol-Meyers Squibb pays the $1.92 per share dividend at the end of the second year, you expect its stock price to be $62.10 per share. Bristol-Meyers Squibb's cost of equity capital is 13% per year. a. What is the most that an investor would be willing to pay today for a share of Bristol- Meyers Squibb stock if the investor plans to hold the stock for two years? The highest price the investor should pay is: b. What is the most that an investor would be willing to pay today for a share of Bristol- Meyers Squibb stock if the investor plans to hold the stock for twenty years? The highest price the investor should pay is: c. At the end of the second year (e.g., at time t=2), immediately before Bristol-Meyers Squibb pays the $1.92 per share dividend, at what price would you expect shares of Bristol-Meyers Squibb stock to be selling? Immediately before the time t=2 dividend is paid, a share of Bristol-Meyers Squibb stock should be selling for