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(Estimated time allowance: 7 minutes) OneNo Corp. is start-up company and therefore is not paying dividends for the next 5 years. At the following year,

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(Estimated time allowance: 7 minutes) OneNo Corp. is start-up company and therefore is not paying dividends for the next 5 years. At the following year, OneNo Corp. will start paying an annual dividend of $8 per share per year until year 11 (this is a period of 0% growth in dividends). Thereafter, it will increase the dividends by 4% per year forever. The required rate of return on this stock is 9%. What is the present value of dividends received during the 0% growth in dividends? Do not use the \$ sign. DO NOT USE commas to separate thousands. Use 2 decimals and round to the nearest cent. For example if you obtain $1,432.728 then enter 1432.72 ; if you obtain $432 then enter 432.00 (Estimated time allowance: 8 minutes) Joven Corp. is a young start-up company and therefore is not paying any dividends on the stock over the next 10 years. At the following year, the company will start paying a \$11 per share dividend and thereafter it will increase the dividends by 5% per year forever. If the required rate of return on this stock is 16%, what is the current (today's) share price? Do not use the \$ sign. DO NOT USE commas to separate thousands. Use 2 decimals and round to the nearest cent. For example if you obtain $1,432.728 then enter 1432.72 ; if you obtain $432 then enter 432.00

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