1.

Given the following information, what is TODAYs stock price?

Todays Dividend =	$4.16
Expected Growth rate in dividends =	2.15
Discount Rate (Required return) =	6.61

Calculate your answer to the nearest penny (e.g., 2.51)

2.

Given the following information, what is the stock price in period 1?

Todays Dividend =	$3.89
Expected Growth rate in dividends =	3.11
Discount Rate (Required return) =	9.39

Calculate your answer to the nearest penny (e.g., 2.51)