Burnett Corp. pays a constant $18 dividend on its stock. The company will maintain this dividend for the next 7 years and will then cease paying dividends forever. If the required return on this stock is 14 percent, what is the current share price?

Multiple Choice $81.05 $77.19 $126.00 $88.00 $75.65

Hudson Corporation will pay a dividend of $2.90 per share next year. The company pledges to increase its dividend by 6.00 percent per year indefinitely. If you require a return of 9.40 percent on your investment, how much will you pay for the company's stock today?

Multiple Choice $88.71 $85.29 $81.88 $17.77 $80.47