Far Side Corporation is expected to pay the following dividends over the next four years: $14, $11, $8, and $5. Afterward, the company pledges to maintain a constant 5 percent growth rate in dividends forever. If the required return on the stock is 13 percent, what is the current share price? (Do not round your intermediate calculations.)

options:

	$69.86
	$66.37
	$67.30
	$71.96
	$75.23

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 8 years because the firm needs to plow back its earnings to fuel growth. The company will pay a $7 per share dividend in 9 years and will increase the dividend by 7 percent per year thereafter. If the required return on this stock is 13 percent, what is the current share price? (Do not round your intermediate calculations.)

options:

	$43.89
	$45.20
	$46.08
	$41.69
	$38.84