1. Beef Co. in one year is expected to trade at $23 per share. And is expected to pay a dividend of 15 cents at the end of the year. If investments with equivalent risk have an expected return of 9%, what is the most you should pay for a Beef Co. stock today?

2. Bent CO. at the end of the year will have EPS of $7 and if the firm has a cost of capital of 12%: B) IF the firm decides to payout 25% of earnings and the firms return on investment is 15% what stock price will the company now have?