1. EcoFriendly Ltd is expected to pay a $1.20 dividend in 1 year. If the dividend is expected to grow at 3% per year and the required return is 15%, what is the price of the share according?

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2. CashCow Company has a policy of paying a $2.5 per share dividend every year. If this policy is to be continued indefinitely, what is the value of a share if the required return is 13%? [Round the final answer to two decimal places.]

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