Q4) Magnetic Corporation expects dividends to grow at a rate of 17.90% for the next two years. After two years dividend

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Q4) Magnetic Corporation expects dividends to grow at a rate of 17.90% for the next two years. After two years dividend

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Q4) Magnetic Corporation expects dividends to grow at a rate of
17.90% for the next two years. After two years dividends
are expected to grow at a constant rate of 04.70%
indefinitely. Magnetics required rate of return is
11.10% and they paid a $2.59 dividend today. Find the
value of Magnetic Corporations common stock per share by
computing:
a) Dividend at the end of
Year 1:
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