Stony Brook Corp. recently paid an annual $15 per share dividend. From the recently approved patent, this companys net profits will grow at 20% in the next 2 years, and at 5% in the third year and beyond due to expiration of the patent. The required return to this companys shareholders is at 10%. (1) Calculate the intrinsic value of Stony Brooks stock per share. (4 points)

(2) Calculate the dividend yield and the capital gains yield for the first year (t=0). Round up to the first decimal point if your answer is expressed in percentage (%) (or up to the third decimal point if written in fraction). (4 points)

(3) Calculate the dividend yield and the capital gains yield for the third year (as at the beginning of the third year (t=2)). Round up to the first decimal point if your answer is expressed in percentage (%), or up to the third decimal point if written in fraction. (4 points)

(4) What is the expected stock price of this company in five years? Round up to the second decimal point. Provide all your calculation for partial points. (4 points)