A company will pay a $4 per share dividend in 1 year. The dividend in 2 years will be $6 per share, and it is expected that dividends will grow at 4% per year thereafter. The expected rate of return on the stock is 15%.a.What is the current price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Current price$ b.What is the expected price of the stock in a year? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected price$
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