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A year from now, a company is expected to pay its next dividend in the amount of $1 per share, after which the company plans

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A year from now, a company is expected to pay its next dividend in the amount of $1 per share, after which the company plans to increase its dividend by 18% the next 2 years. The company is then expected to maintain a constant dividend growth rate of 3% forever. The stock has a required return of 12%. What will a share of the company's stock sell for 3 years from today? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50. Numeric Response A company's stock currently sells for $50 per share. If the stock has a dividend yield of 4%, what is the expected dividend per share amount? Do not round Intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1.000.50 should be entered as 1000.50. Numeric Response

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