1. Tresnan Brothers is expected to pay a $3.60 per share dividend at the end of the year (i.e., D₁ = $3.60). The dividend is expected to grow at a constant rate of 10% a year. The required rate of return on the stock, r_s, is 14%. What is the stock's current value per share? Round your answer to two decimal places.

2. Weston Corporation just paid a dividend of $1.5 a share (i.e., D₀ = $1.5). The dividend is expected to grow 9% a year for the next 3 years and then at 5% a year thereafter. What is the expected dividend per share for each of the next 5 years?

D₁ = $ D₂ = $ D₃ = $ D₄ = $ D₅ = $