14. Anderson, Inc. (AI) stock is expected to pay a dividend of $1.80 twelve years from now, with no dividends to be paid until then. Dividends are forecasted to grow thereafter at a constant rate of 4%/yr. indefinitely. The appropriate required return for valuing this stock is 10%/yr. Calculate todays price for AI stock.

15. Young Corp. (YC) stock is expected to pay a dividend of $2.20 ten years from now, with no dividends to be paid until then. Dividends are forecasted to grow thereafter at a constant rate of 3%/yr. indefinitely. The appropriate required return for valuing this stock is 14%/yr. Calculate what the stock price is expected to be two years from now for YC stock.