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Magnetic Corporation expects dividends to grow at a rate of 1 9 . 2 0 % for the next two years. After two years dividends

Magnetic Corporation expects dividends to grow at a rate of 19.20% for the next two years. After two years dividends are expected to grow at a constant rate of 05.60% indefinitely. Magnetics required rate of return is 12.87% and they paid a $2.32 dividend today. Find the value of Magnetic Corporations common stock per share by computing:
Dividend at the end of Year 1:
Dividend at the end of Year 2:
Dividend at the end of Year 3:
Price of stock at end of year 2:
Price of stock today:

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