1. Whizcom Inc. is expected to pay a dividend of $1 next period. Dividends are expected to grow at 2% per year and the investors require a return of 12%.

   1. i) Compute the current stock price for Whizcom Inc.

   2. ii) What would be the likely stock price in year 5?

   3. iii) What would be per annum rate of return implied by a change in prices from time 0 to time 5?