You own 118 shares of EBC's stock. EBC will pay $25 per share dividend in year 1, $25 per share dividend in year 2, and $257 liquidating dividend per share in year 3. The required return on EBC's stock is 15%.Assume you can buy/sell any fraction of share.

1. What is the current stock price?
2. If you want equal dividends in each of the three years and accomplish this by creating homemade dividends, how many shares you have to sell/buy at the end of year 1? At the end of year 2?
3. If you want $1,160 and $3,110 in dividends for year 1 and year 2 respectively, how many shares you have to sell/buy at the end of year 1? At the end of year 2? What will your homemade dividend be in year 3?