1. A stock just paid a dividend of $2.99. The dividend is expected to grow at 26.77% for two years and then grow at 3.09% thereafter. The required return on the stock is 13.66%. What is the value of the stock?

2. The risk-free rate is 1.67% and the market risk premium is 9.48%. A stock with a of 1.59 just paid a dividend of $2.44. The dividend is expected to grow at 21.05% for three years and then grow at 4.82% forever. What is the value of the stock?