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Miniscule Computer Chips Incorporated is experiencing a period of growth. Earnings and dividends are expected to grow at a rate of 6 % during the

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Miniscule Computer Chips Incorporated is experiencing a period of growth. Earnings and dividends are expected to grow at a rate of 6 % during the next two years, 5.5 % in the third year, and at a constant rate of 3% thereafter. Miniscule's last dividend was $1.15, and the required rate of return on the shares is 7%. Required: a) What is the price of Miniscule Computer Chips shares today? (Timeline required)

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