5. A stock is expected to pay the following dividends: $1.1 four years from now, $1.5 five years from now, and $2 six years from now, followed by growth in the dividend of 6% per year forever after that point. There will be no dividends prior to year 4. The stock's required return is 12%. The stock's current price (Price at year 0) should be $____________.

9.A stock's dividend in 1 year is expected to be $2.3.The dividend is expected to remain the same indefinitely.The stock's required return is 10%.The estimated value of the stock today is $________.

10.A stock will pay no dividends for the next 3 years.Four years from now, the stock is expected to pay its first dividend in the amount of $2.4.It is expected to pay a dividend of $2.7 exactly five years from now.The dividend is expected to grow at a rate of 7% per year forever after that point.The required return on the stock is 14%.The stock's estimated price per share exactly TWO years from now, P2, should be $______.

Do not round any intermediate work, but round yourfinalanswer to 2 decimal places (ex: $12.34567 should be entered as 12.35).