1. Blossom Supply Corp. has not grown for the past several years, and management expects this lack of growth to continue. The firm last paid a dividend of $3.50. If you require a rate of return of 14 percent, what is the current value of this stock to you? (Round answer to 2 decimal places, e.g. 15.25.)

2. The current stock price of Sandhill, Inc., is $46.70. If the required rate of return is 30 percent, what is the dividend paid by this firm if the dividend is not expected to grow in the future?