1. You expect stock x to pay dividends according to the schedule below. you expect to sell the stock for $150 at the end of the holding period. if your opportunity cost of capital is 5.6%, what is the most that you will pay for stock x? Indicate your key strokes as well as your final answer.

year(s)          dividend ($)

1 - 3                  4.75

4-5                    4.78

6                       4.82

7-10                 4.83

2. Based on the arrival of news about stock x, you have updated your beliefs about stock x's expected dividends. you now believe that stock x will pay dividends according to the schedule below. your opportunity cost of capital is still 5.6%.

year(s)        dividend ($)

1-3                    4.75

4-5                    4.78

6 - indefinite dividend growth rate of 2% per year

what is the most that you will pay for stock x? Indicate your key strokes as well as your final answer