5. Apex Co. stock just paid $1.00 dividend per share. The market expects that the dividend will grow 2% annually forever. Assuming a required return of 8% p.a., how much is the value of the stock it no years? (round to 4 decimals)

6. Apex Co. stock just paid $1.50 dividend per share. The market expects that the dividend will grow at 5% annually for the next 2 years and then 0% annually forever. Assuming a required return of 10% p.a., what is the present value of the stock? (round to 3 decimals)

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