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Consider the following three stocks: a. Stock A is expected to provide a dividend of $10.70 a share forever. b. Stock B is expected to

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Consider the following three stocks: a. Stock A is expected to provide a dividend of $10.70 a share forever. b. Stock B is expected to pay a dividend of $5.70 next year. Thereafter, dividend growth is expected to be 6.00% a year forever. c. Stock C is expected to pay a dividend of $5.70 next year. Thereafter, dividend growth is expected to be 22.00% a year for five years (i.e., years 2 through 6) and zero thereafter. a-1. If the market capitalization rate for each stock is 12.00%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Answer is not complete. Stock A Stock Price $ 89.17 $ 95.00 Stock B Stock C b-1. If the market capitalization rate for each stock is 9.00%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) > Answer is not complete. Stock A Stock B Stock C Stock Price $ 118.89 $ 190.00

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