grow at $1\mathrm{.}5\%$ annually forever. Stocks of similar risk have a risk premium of $4\%,$ and the risk$-$free rate is $3\mathrm{.}5\%.$ Answer the questions below.

Hint: This is very similar to a growing perpetuity. It just got "delayed". We have a quick way to calculate the aswer.

What is the discount rate you should use? Enter it as a percentage, rounded to two decimal places, here: $\%$

What is the amount of the next dividend that will be paid, rounded to two decimal places? Enter it here:

For this part only, assume that the next dividend is coming at time $1($no COVID delay$).$

Enter the PV of the stock $($rounded to two decimal places$)$ here:

Finally, use the shortcut from the notes to change the PV from part $3$ to reflect the delay in dividends. Enter the PV of

the stock, rounded to two decimal places, here: