4. Mitech Corp's stock has been growing at approximately 8% for several years and is now $30.Based on past growth rate performance, what would you expect the stock's price to be in five years?

The Constant Growth (Gordon) Model - Example 8.3, Page 357

5. The Spinnaker Company has paid an annual dividend of $2 per share for some time.Recently the board of directors voted to grow the dividend by 6% from now on.What is the most you would be willing to pay for a share of Spinnaker if you expect a 10% return on your stock investments?