Assume WXYZ Corp.s dividend payment will be $2.94 one year from now, $3.43 two years from now, and $5.12 three years from now. Further assume that after these three years, the dividend will grow by 5.3% each year. If the required rate of return for the industry WXYZ Corp. belongs to is 10.9%, what is the market value of WXYZ Corp.s stock under the Dividend Discount Model?

Assume ABC Corp. pays the dividend of $5.62 this year. For the next 35 years, the firms dividend will grow by 5.1%, then it will grow by 4.5% each year afterwards. The required rate of return for the firms industry is 11.2%. What is the present value of the firms stock under the Dividend Discount Model?