Value of magnetic corporation common stock per share

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Reference no: EM132070230

Magnetic Corporation expects dividends to grow at a rate of 17% for the next two years. After two years dividends are expected to grow at a constant rate of 6.1%, indefinitely. Magnetic’s required rate of return is 11.2% and they paid a $1.65 dividend today. What is the value of Magnetic Corporation’s common stock per share? (Show your answers to the nearest cent) What is

Dividend at end of year 1:

What is Dividend at end of year 2:

What is Dividend at end of year 3:

What is Price of stock at end of year 2:

What is Price of stock today:

Reference no: EM132070230

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