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Magnetic Corporation expects dividends to grow at a rate of 16.00% for the next two years. After two years dividends are expected to grow at
Magnetic Corporation expects dividends to grow at a rate of 16.00% for the next two years. After two years dividends are expected to grow at a constant rate of 05.60% indefinitely. Magnetic's required rate of return is 12.60% and they paid a $1.51 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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