You own 10,000 shares of the company shares. One year from today the company will pay a dividend of $25, followed by a liquidating dividend of $200, 2 years from today. The required rate of return of 8%. You would prefer to receive the same dividend each year.

a)What is the price today?

b) What is the amount of dividend that wants to receive each year?

c) What is the price at time 1?

d)How many shares do you need to buy or sell at time to achieve your goal?