1.Lohn Corporation is expected to pay the following dividends over the next four years: $17, $15, $10, and $5. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 12 percent, what is the current share price?

2. A7X Corp. just paid a dividend of $1.30 per share. The dividends are expected to grow at 35 percent for the next 9 years and then level off to a growth rate of 9 percent indefinitely. If the required return is 14 percent, what is the price of the stock today?