A$.$ Holt Enterprises recently paid a dividend of $$2\mathrm{.}75.$ It expected that dividends will grow at a constant rate of $6\%$ indefinitely, and the firm$$s required return is $12\%.$ What should be the firm$$s stock price $($i$.$e$.,$ its intrinsic value$)$ today?

B$.$ Now suppose Holt expects to have a growth of $18\%$ for $2$ years followed by a constant rate of $6\%$ thereafter. What should be the firm$$s stock price in this situation?