1. Suppose that a company that has a 10.000 $ amount of capital (par value is 1 $ per share) distributed 10 $ dividends per share last year end. The discount rate for this particular company's shares is 14% and the dividend growth rate is estimated as 3%. What is the approximate value of the company?

a) 936.364 $

b) 909.091 $

c) 714.286 $

d) 735.714 $

e) other

2. A company will pay 4 $ dividends per share for the first two years. Right afterwards, the dividend growth rate will be 3% for the next 2 years. After that period, the dividends per share will be 2 $ forever. Suppose that the discount rate is 10%. What is the theoretical value of the share today?

a) 26,60 $

b) 25,35 $

c) 25,65 $

d) 25,09 $

e) other