a) What is the price today (in dollars and cents) of a stock whose dividend per share is currently $2.10 and who expects to pay this same dividend per share at the end of each future year forever? That is, the assumption is that the current dividend per share will never change. The stock's required rate of return is 6.75%. $ Do not place a dollar sign or comma in your answer. Work your analysis using at least four

b) Troy is interested in buying a particular stock whose current dividend per share is $1.20. Troy estimates that the current dividend per share will increase at a rate of 2.30% per year forever. If Troy's estimates are correct, what is the best estimate of the stock price per share if the required rate of return is 14.00%.