do part b! not a

will like

b. Grand Silver Mine Co. is increasing next year's dividend to $5 per share. The forecast stock price next year is $105. Equally risk stocks of other companies offer expected rates of return of 10%. (b.1) How much Grand Silver's stock sell for today? [2 pts] (b.2) Now, assume that Grand Silver Mine's dividend and share price are expected to grow at a constant 5% rate per year. Calculate the current value of its stock using a 3 -year horizon. [2 pts]