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Longhorn Corp. paid $2/share in dividends yesterday. The firm expects that its dividends will grow at 15% over the next 2 years, 10% in year

Longhorn Corp. paid $2/share in dividends yesterday. The firm expects that its dividends will grow at 15% over the next 2 years, 10% in year 3, and 3% thereafter. a) (5 points) Calculate the firms dividend payments in years 1, 2, 3, and 4. b) (5 points) Calculate the appropriate discount rate (expected return) if the firm has a beta of 2 and the expected market return (annual) is 5%. Assume that the risk free rate is 1%. c) (5 points) What is the stock price of Longhorn today?

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