5. A company just paid a dividend of $7 and expects the dividend to decrease 10% this year, decrease 20% next year and then grow at a constant rate of 5% thereafter. If your required rate of return for the company is 10%, what is the per share value today? A. $83.45 B. $86.25 C. $97.36 D. $98.14 E. $100.456.

6. A company just paid a dividend of $1.50 and expects high growth of 20% the next two years and then constant growth of 5% thereafter. If the required rate of return associated with this stock is 12%, what is the value of the stock today? A. $30.30 B. $29.16 C. $21.70 D. $22.68 E. $18.06