Magnetic Corporation expects dividends to grow at a rate of 12.50% for the next two years. After two years dividends are expected to grow at a constant rate of 06.80% indefinitely. Magnetics required rate of return is 10.49% and they paid a $2.67 dividend today. Find the value of Magnetic Corporations 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: