1A.

A stock just paid a dividend of $1.21. The dividend is expected to grow at 28.28% for three years and then grow at 4.09% thereafter. The required return on the stock is 14.94%. What is the value of the stock?

1B.

A stock just paid a dividend of $1.94. The dividend is expected to grow at 23.73% for five years and then grow at 3.17% thereafter. The required return on the stock is 14.49%. What is the value of the stock?