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Consider the following three stocks: Stock A is expected to provide a dividend of $12.00 a share forever. Stock B is expected to pay a

Consider the following three stocks: Stock A is expected to provide a dividend of $12.00 a share forever. Stock B is expected to pay a dividend of $7.00 next year. Thereafter, dividend growth is expected to be 4.00% a year forever. Stock C is expected to pay a dividend of $4.00 next year. Thereafter, dividend growth is expected to be 20.00% 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.)

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