1. A stock just paid a dividend of $2.92. The dividend is expected to grow at 22.00% for three years and then grow at 4.63% thereafter. The required return on the stock is 14.85%. What is the value of the stock?

2. A stock just paid a dividend of $1.30. The dividend is expected to grow at 26.79% for five years and then grow at 4.71% thereafter. The required return on the stock is 11.03%. What is the value of the stock?

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