Magnetic Corporation expects dividends to grow at a rate of 18.80% for the next two years. After two years dividends are expected to grow at a constant rate of 05.40% indefinitely. Magnetics required rate of return is 10.10% and they paid a $1.20 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: