Barbara Bender this day will purchase the shares of BB Corporation Stock. The company recently paid a dividend of $3.32 on its stock, and this dividend is expected to grow at a constant rate of 4.25% indefinitely. Barbara plans to hold the stock for five years and sell the stock at that time.

If her required rate of return is 14.8% how much will she pay today for the stock?

Also, what price is she expecting to get for her stock when she sells it in 5 years from now?