DMH Enterprises stock dividends are expected to grow at a rate of 25% for three years, after which dividends are expected to grow at a constant rate of 10% forever. The company recently paid a dividend of $2 and the required rate of return on the stock is 12%, what is the stocks current price?

	$115.41
	$128.54
	$144.15
	$160.54

You are charged with the valuation of Hurst Companys stock. You have access to the following information: Hurst dividends are expected to grow at a rate of 10% for the next three years, after which growth will taper to a constant rate of 5%. Hursts beta is 1.5, the current yield on Treasury bills is 3% and the return on the market is 7%. If Hurst Company is expected to pay a dividend of $2.25 at the end of the year, what is the stocks current price?

	$57.09
	$61.66
	$62.69
	$67.71