A stock pays annual, fixed dividends of $13 forever. The first dividend will occur one year later (i.e., at time node t=1 ). Assuming a required rate of return of 6%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67) A stock pays dividends annually. It just paid a dividend of $6 that is expected to grow at a constant rate of 3% forever. Assuming a required rate of return of 8%, what is the value of the stock? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)