a. what should be the stock price at the end of year 2, immediatly after the $2 dividend is paid out?

hughes Co. are expected to pay dividends of $1, $2. $3 respectively for the next three years, year 4 and year 5, expecting significant amount of capital expenditure needed to equipment due to technology innovations, the company plans paying no divide years. After that, the company plans to pay $3 each year for year 6 and year 1. A dividend is expected to grow at 5% indefinitely. The company's required rate of company plans paying no dividends for these two