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Magnetic Corporation expects dividends to grow at a rate of 15.10% for the next two years. After two years dividends are expected to grow at

Magnetic Corporation expects dividends to grow at a rate of 15.10% for the next two years. After two years dividends are expected to grow at a constant rate of 05.90% indefinitely. Magnetic's required rate of return 12.55% and they paid a $1.88 dividend today. Find the value of Magnetic Corporation's common stock per share by computing:

a) Dividend at the end of Year 1

b) Dividend at the end of Year 2

c) Dividend at the end of Year 3

d) Price of stock at end of year 2

e) Price of stock today

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