4.

What is the current price of a share of stock when the last dividend was $3.00, the growth rate is 6 percent, and the investors required rate of return is 12 percent?

A) $25.00

B) $26.50

C) $50.00

D) $53.00

5.

What is the current price of a share of stock when the current dividend is $4.75, the growth rate is 7 percent, and the investors required rate of return is 11 percent?

A) $118.75

B) $43.16

C) $46.20

D) $127.06

Show your calculations please.

I need answer with clear explanation then i will give you thumbs up in return. Direct answer will have thumbs down from me.

Please attempt these questions only when you know the solutions for sure. These are really important for me.