1)The last dividend paid by Abbot Company was $3.49. Dividends are expected to grow at 13% for the next 2 years, then grow at a constant 2% indefinitely. If the required return is 3%,what should be the current stock price?

The current stock price should be $__.(Round to the nearest cent.)

2)What is the price of a share of stock if the beta is 2, its next dividend is projected to be $5, and its growth rate is expected to be a constant 4%,assuming the market return is 13% and the risk-free rate is 5%?

The price of a share of stock is $___ (Round to the nearest cent.)