a.	Stock A is expected to provide a dividend of $11.70 a share forever.
b.	Stock B is expected to pay a dividend of $6.70 next year. Thereafter, dividend growth is expected to be 6% a year forever.
c.	Stock C is expected to pay a dividend of $4.30 next year. Thereafter, dividend growth is expected to be 22% a year for five years (i.e., until year 6) and zero thereafter.

a-1.

If the market capitalization rate for each stock is 12%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Stock A ???

Stock B???

Stock C???

If the market capitalization rate for each stock is 9%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock A???? Stock B??? Stock C???