A company's dividend grows at a constant rate of 5 percent p.a.. Last week it paid a dividend of $4.21. If the required rate of return is 19 percent p.a., what is the price of the share2 years from now?

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After paying a dividend of $1.90 last year, a company does not expect to pay a dividend for the next year. After that it plans to pay a dividend of 6.17 in year 2 and then increase the dividend at a rate of 3 percent per annum in years 3 to 6. What is the expected dividend to be paid in year 4?