Write answers up to two decimal places:

Nachman Industries just paid a dividend of D0 = $0.50. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year 2, and at a constant rate of 5% in Year 3 and thereafter.

The dividends for Yr 1 is $

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Yr 2 is $

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Yr 3 onwards is $

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The company's beta is 1.20, the market risk premium is 5% and the risk-free rate is 3%, the required rate of return on the stock is

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%

The best estimate of the value of the stock at the end of year 2 (P2) is $

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The best estimate of the current value of the stock is $

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