Given the following information, what is TODAYs stock price?

Todays Dividend =	$3.27
Expected Growth rate in dividends =	2.88
Discount Rate (Required return) =	9.51

Calculate your answer to the nearest penny (e.g., 2.51)

2.

Given the following information, what is the stock price in period 2?

Todays Dividend =	$4.53
Expected Growth rate in dividends =	3.86
Discount Rate (Required return) =	9.03

Calculate your answer to the nearest penny (e.g., 2.51)