1. Today, one share of Smith & Wesson Brands Inc (ticker symbol: SWBI) sells for $46.60. SWBI is expected to grow its dividends by 4.4% indefinitely. To hold SWBI shares, investors require a rate of 9.2%. Given this information, the dividend SWBI just paid was?

2. To purchase shares of Kronos Worldwide Inc. (ticker symbol: KRO), Steven Beauchamp requires a return of 9.00%. Kronos, which just paid an annual dividend of $1.30 per share, expects to grow its annual dividend by 21% per year for the next 4 years. A 4% constant growth rate is subsequently expected. How much will Mr. Beauchamp pay today for one share of Kronos?