When inputting an answer, round your answer to the nearest 2 decimal places. If you need to use a calculated number for further calculations, DO NOT round until after all calculations have been completed. For the final answer, Round to 2 decimal places.

NEEDS TO BE exact correct.

1. Suppose Nabisco Corporation just issued a dividend of $1.88 per share yesterday. Subsequent dividends will grow at a constant rate of 4.4% indefinitely. If the required rate of return for this stock is 17.07% , what is the value of a share of common stock today?

2. What is the value of a share of preferred stock that promises to pay $2.2 every year, indefinitely, if you have a required rate of return of 8.39%?

3. Magnetic Corporation expects dividends to grow at a rate of 17.20% for the next two years. After two years dividends are expected to grow at a constant rate of 04.40% indefinitely. Magnetic's required rate of return is 13.25% and they paid a $2.15 dividend today. Find the value of Magnetic Corporation's common stock per share by computing:

1. Dividend at the end of Year 1: ______
2. Dividend at the end of Year 2: _____
3. Dividend at the end of Year 3: _____
4. Price of stock at end of year 2: _____
5. Price of stock today: _________