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Q4) Magnetic Corporation expects dividends to grow at a rate of 14.70% for the next two years. After two years dividends are expected to grow

"Q4) Magnetic Corporation expects dividends to grow at a rate of 14.70% for the next two years. After two years dividends are expected to grow at a constant rate of 05.90% indefinitely. Magnetics required rate of return is 14.26% and they paid a $2.86 dividend today. Find the value of Magnetic Corporations 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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