Consider the following three stocks:

1. Stock A is expected to provide a dividend of $11.50 a share forever.
2. Stock B is expected to pay a dividend of $6.50 next year. Thereafter, dividend growth is expected to be 4.00% a year forever.
3. Stock C is expected to pay a dividend of $4.50 next year. Thereafter, dividend growth is expected to be 20.00% a year for five years (i.e., years 2 through 6) and zero thereafter.

a-1. If the market capitalization rate for each stock is 10.00%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) a-2. Which stock is the most valuable?

b-1. If the market capitalization rate for each stock is 7.00%, what is the stock price for each of the stocks? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-2. Which stock is the most valuable?