1.Compute the intrinsic value of a preferred share given the following information: A Canadian life insurance company has an issue of 4.6 percent, $46.00 par value, perpetual, non-convertible, non-callable preferred shares outstanding. The required rate of return on similar issues is 4.72 percent. (Enter your answer as a number rounded to two decimal places, like this: 12.34)

2.Using a two-stage dividend discount model, compute the intrinsic value using the following information about a stock:

Current price per share = 21.46

Current annual dividend per share = 1.74

Annual dividend growth rate for Years 14 = 7.00%

Annual dividend growth rate for Years 5+ = 3.00%

Required rate of return = 12.00%

(Enter your answer as a number with two decimal places, like this: 12.34)