Magma International is one the biggest parts supplier to the North American automative industry, and is based in Ontario. Currently, its stock sells for around $104.50/share. Its most recent dividend was $0.43/share, and their dividends growth rate has been averaging a very steady and very healthy 9% in recent years.

a. Based on its recent history, what would you expect next years dividend to be?

b. Given its dividends growth rate, what kind of return is this stock providing its investors?