3. Anton, Inc. just paid a dividend of $2 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year, indefinitely. If investors require an annual return of 10% on this stock, what is the current price? What will the price be in 2 years?

4. The next dividend payment by Wyatt, Inc. will be $1 per share. The dividends are anticipated to maintain a growth rate of 10% forever. If the stock currently sells for $40 per share, what is the required return?