Magnetic Corporation expects dividends to grow at a rate of 19.70% for the next two years. After two years dividends are expected to grow at a constant rate of 06.70% indefinitely. Magnetics required rate of return is 08.49% and they paid a $1.91 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: