You own 150 shares of NBXs stock.NBX will pay $30 per share dividend in year 1, $120 per share dividend in year 2, and $110 liquidating dividend per share in year 3. The required return on NBXs stock is 16%.

a) What is the current stock price?

b) 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?

c) If you want $1,400 and $4,800 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?