1.You are considering purchasing stock in Canyon Echo. You feel the company will increase its dividend at 4.6 percent indefinitely. The company just paid a dividend of $3.41 and you feel that the required return on the stock is 11 percent. What is the price per share of the company's stock?

Multiple Choice

• $52.95

• $31.05

• $50.16

• $55.73

• $53.28

2.A stock currently sells for $63. The dividend yield is 3.6 percent and the dividend growth rate is 4.9 percent. What is the amount of the dividend to be paid in one year?

Multiple Choice

• $2.27

• $2.16

• $2.12

• $2.05

• $1.89

Need both answers