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You own 9, 600 shares of stock in XYZ Corporation. You will receive a $1.60 per share dividend in one year. In two years, XYZ Corporation will pay a liquidating dividend of $36 per share. The required return on XYZ Corporation stock is 16 percent. a) What is the current share price of your stock? b) Suppose you only want $160 total in dividends the first year. What will your homemade dividend be in two years? (You can own a portion of a share, for example 12.34 shares) The expected pretax return on three stocks is divided between dividends and capital gains in the following way: a) If each stock is priced at $100, what is the expected return on Stock B to (1) a pension fund that floes not pay taxes: (2) an Ontario corporation engaged in manufacturing activity, paying tax at a combined federal and provincial rate of 32 percent: and (3) an individual based in Ontario, paying a federal marginal tax rate of 27 percent and a provincial marginal tax rate of 10 percent. The gross-up for dividend tax credits is 25 percent. The federal dividend tax credit is 15 percent of the gross-up dividend, and the provincial dividend tax credit is 4 percent of gross-up dividend. b) Suppose that Stock C were priced to yield an 6 percent after-tax return to individual investors paying federal tax of 12 percent and provincial tax of 6 percent. The gross-up for dividend tax credits is 25 percent. The federal dividend tax credit is 15 percent of the gross-up dividend and the provincial dividend tax credit is 4 percent of gross-up dividend. What would Stock C sell for