2. ABC,. Inc just paid a dividend of $47.83. The dividends are expected to grow by 15% in Years 1-4. After that, the dividends are expected to grow by 8% each year. If the required rate of return is 21%, what is today's price of the stock?

3. Suppose a company just paid dividend of $19.52. The dividend is expected to grow at 5.42% each year. If the stock is currently selling for $129.91, what is the dividend yield?