9.A companys dividend grows at a constant rate of 4 percent p.a.. Last week it paid a dividend of $6.95. If the required rate of return is 18 percent p.a., what is the price of the share 4 years from now? (round to nearest cent)

Select one:

a. $60.40

b. $31.15

c. $58.08

d. $100.10

10.Which of the following best describes the constant-growth dividend discount model?

Select one:

A. It is the formula for the present value of a growing annuity

B. It is the formula for the present value of an ordinary annuity.

C. It is the formula for the present value of a finite, uneven cash flow stream

D. It is the formula for the present value of a growing perpetuity