Find the present value of 30 annual payments of $3,000 per annum where the first payment is made 17 years from now. So there are 30 annual payments from t=17 to t=46 inclusive. The discount rate is 23% pa. The present value of these payments is: Select one: a. $0.95 b. $26.2 c. $385.6 d. $474.28 e. $475.21 A stock is expected to pay its first $16 dividend in 5 years from now. The dividend is expected to be paid annually forever and grow by 0% pa. The discount rate is 7% pa. Estimate the current stock price. The current stock price should be: Select one: a. $152.31 b. $162.97 c. $174.38 d. $190.38 e. $228.57