1. A stock just paid a dividend of $2.33. The dividend is expected to grow at 29.61% for two years and then grow at 4.81% thereafter. The required return on the stock is 14.43%. What is the value of the stock?

2.The risk-free rate is 1.71% and the market risk premium is 7.61%. A stock with a of 1.23 will have an expected return of ____%.

Answer format: Currency: Round to: 3 decimal places.