1.) A firm will pay a dividend of $1.47 next year. The dividend is expected to grow at a constant rate of 2.24% forever and the required rate of return is 11.05%. What is the value of the stock?

2.)The market price of a stock is $55.15 and it just paid $4.99 dividend. The dividend is expected to grow at 4.04% forever. What is the required rate of return of the stock?