1. FSL is expected to pay a dividend of $2 one year from now. Dividends are expected to grow at 6% per year, and the required return on the stock is 16%. What is the expected price of the stock 2 years from now? Answer to 2 decimal places, for example 42.12.

2.A stock sells today for $38, and just paid a dividend of $2. If the growth rate is 4%, what is the required return on the stock? Answer to 4 decimal places, for example 0.1234.