One year from today, investors anticipate that SPO Corporation's common stock will pay a dividend of $3.00 per share. After that, investors believe that the dividend will grow at 50% per year for four years before settling down to a long-run growth rate of 6%. The required rate of return on SPO's stock is 20%. What is the stock's value based on above information? You are considering the purchase of the common stock of Butler Corporation. Given the following information, explain whether or not if you would buy the stock. Support your conclusions with computations. The current market price of Butler is $75 per share. The one-year target estimated price is $100 per share. The dividend per share is $4.00. The beta for Butler is 1.75. The risk free rate is 1.0%. The market risk premium is 7.0%