a) What is the cum-dividend date? How does the share price change on the date after this date? Elaborate why? b) You own 1,000 shares of stock in a random company. You will receive a dividend of $2.60 per share in one year, and another dividend of $3.2 per share in two years. In three years, this random company will pay a liquidating dividend of $53 per share. The required return on this random company stock is 14 percent. What is the current share price of your stock (ignoring taxes). If you would rather have equal dividends in each of the next three years, show how you can accomplish this by creating homemade dividends. (Hint: Dividends will be in the form of an annuity) a) What is the cum-dividend date? How does the share price change on the date after this date? Elaborate why? b) You own 1,000 shares of stock in a random company. You will receive a dividend of $2.60 per share in one year, and another dividend of $3.2 per share in two years. In three years, this random company will pay a liquidating dividend of $53 per share. The required return on this random company stock is 14 percent. What is the current share price of your stock (ignoring taxes). If you would rather have equal dividends in each of the next three years, show how you can accomplish this by creating homemade dividends. (Hint: Dividends will be in the form of an annuity)