You are buying a share of UTD stock today. UTD is expected pay a

dividend of $$1\mathrm{.}50$ per share at the end of the year $2$ and a $$2\mathrm{.}50$

per share at the end of the year $3.$ You expect UTD $\text{'}$s stock price

to be $$20\mathrm{.}00$ at the end of year $3($right after the $$2\mathrm{.}50$ dividend

is paid$).$ UTD $\text{'}$s equity cost of capital is $10\%.$a$.$ What is the price of UTD stock per share today?b$.$ What will be the price one would expect to be able to sell

UTD stock for at the end of year $2($right after the dividend of

$$1\mathrm{.}50$ is paid$)?$c$.$ Suppose you plan on purchasing UTD stock at the end of year

$2,$ right after the $$1\mathrm{.}50$ dividend is paid. You then plan on selling

your stock at the end of year $3,$ right after the $$2\mathrm{.}50$ dividend is

paid. What is your return from holding UTD stock?