Adidas' mission is to be the best sports brand in the world. in 2021, the company had revenues of EUR 19.8 billion and net income of EUR 432 billion, giving earnings per share EPS of EUR 2.15. Also in 2021, the company paid a dividend of EUR 3.00 per share. you are considering investing in Adidas common stock and, based on your analysis, you have determined that an 9% required return is appropriate.

q1. you expect Adidas to pay a dividend of EUT 3.06 one year from now and you can sell the share immediately thereafter for 265. what is the share value based on the one-year holding period approach?

q2. The dividend paid in 2021 was up 2% from the dividend paid in 2019. If you assume that the dividend will continue to grow indefinitely at a rate going forward, what is the value based on the constant dividend growth model?