Question: A company will pay a $ 2 per share dividend in 1 year. The dividend in 2 years will be $ 4 per share, and

A company will pay a $2 per share dividend in 1 year. The dividend in 2 years will be $4 per share, and it is expected that dividends will grow at 4% per year thereafter. The expected rate of return on the stock is 12%.
What is the current price of the stock?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
What is the expected price of the stock in a year?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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