The investment dealer of Saskatchewan Cloud Inc. uses a dividend valuation model to appraise the shares of Lambert Aerospace Company. Dividends (D1) at the end of the current year will be $1.20. The growth rate (g) is 10 percent and the discount rate (Ke) is 14 percent. (Round the intermediate calculations and the final answer to 2 decimal places.)

a. What should be the price of the stock to the public? Price of the stock $

b. If there is a 6 percent total underwriting spread on the stock, how much will the issuing corporation receive? Net price to the corporation $

c. If the issuing corporation requires a net price of $ 28.50 (proceeds to the corporation) and there is a 6 percent underwriting spread, what should be the price of the stock to the public? Price of the stock to the public $