A 30-year annuity pays $500 per month, and payments are made at the end of each month. If the interest rate is 6 percent compounded monthly for the first 10 years, and 10 percent compounded monthly thereafter, what is the present value of the annuity (approximately)? a) $73,514 b) $79,355 c) $49,467 d) $39,362 e) $25,781 Elsinore Corporation is a growing firm. Management expects its dividend to grow at 20% for the next 2 years (D1=$4.80 and D2=$5.76 ) before dropping to a constant 4% per year forever. If the required return is 12 percent and the company just paid a $4 dividend (D0), what is the current share price (approximately)? a) $75 b) $73 c) $69 d) $60 e) $77