Catfish, Inc. just paid $1.73 to its shareholders as the annual dividend. Simultaneously, the company announced that future dividends will be increasing by 4.14 percent. If you require a rate of return of 6.95 percent, how much are you willing to pay today to purchase one share of Catfish stock?

Screenshot, Inc., just paid a dividend of $3.28 per share on its stock. The dividends are expected to grow at a constant rate of 3.9 percent per year, indefinitely. Assume investors require an 10.5 percent return on this stock. What is the expected price of this stock in 12 years?