eBook Constant Dividend Growth Valuation Problem Walk-Through Crisp Cookware's common stock is expected to pay a dividend of $2 a share at the end of this year (D1 = $2.00); its beta is 0.8. The risk-free rate is 4.1% and the market risk premium is 4%. The dividend is expected to grow at some constant rate, gu, and the stock currently sells for $80 a share. Assuming the market is in equilibrium, what does the market believe will be the stock's price at the end of 3 years (l.e., what is Ps)? Do not round intermediate calculations. Round your answer to the nearest cent. eBook Nonconstant Dividend Growth Valuation A company currently pays a dividend of $1.8 per share (Do = $1.8). It is estimated that the company's dividend will grow at a rate of 22% per year for the next 2 years, and then at a constant rate of 6% thereafter. The company's stock has a beta of 1.5, the risk-free rate is 9%, and the market risk premium is 4%. What is your estimate of the stock's current price? Do not round intermediate calculations. Round your answer to the nearest cent. $