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Q4) Magnetic Corporation expects dividends to grow at a rate of 16.30% for the next two years. After two years dividends are expected to grow

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Q4) Magnetic Corporation expects dividends to grow at a rate of 16.30% for the next two years. After two years dividends are expected to grow at a constant rate of 04.80% indefinitely. Magnetic's required rate of retum is 08.61% and they paid a $2.72 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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