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Q4) Magnetic Corporation expects dividends to grow at a rate of 20.00% 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 20.00% for the next two years. After two years dividends are expected to grow at a constant rate of 05.80% indefinitely. Magnetics required rate of return is 12.18% and they paid a $1.90 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: When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places

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