2. A stock is expected to pay a dividend of $3.5 at the end of this year (this is Div1), and it should continue to grow at a constant rate of 5.7% per year forever. If its required return is 10.2%, the stock's price today should be $______________.

3. A firm's earnings and dividends are expected to decline at a constant rate of 4% per year. The most recent dividend (Div0) was $4.3 and the required return on the stock is 10%. The current price of the stock should be $__________. Margin of error for correct responses: +/- .05