Question: Please show all steps, work, and calculations used to get final answers: Home Depot is expected to pay an annual dividend of $3.17 per share

Please show all steps, work, and calculations used to get final answers:

Home Depot is expected to pay an annual dividend of $3.17 per share in one year, which is then expected to grow by 9% per year. The required rate of return is 14%.

Question 1:

What is the current stock price?

Question 2:

What is the current stock price if the annual dividend of $3.17 has just been paid? (i.e. paid yesterday or earlier today)

Question 3:

What is the current stock price if the annual dividend of $3.17 his about to be paid? (i.e. paid tomorrow or later today)

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