help with 16 and 17

Next Page Page 2 of 2 Question 16 (1 point) A share of common stock just paid an annual dividend of $1.95. If the expected long-run annual dividend growth rate for this stock is 2% and investors require a 9% rate of return, what is the most an investor should pay for this stock today? 6 Your Answer: 1 12 Answer Question 17 (1 point) 4 15 Find the expected price for a stock in one year given that shares trade at $58.06 per share right now and the stock is not expected to pay a dividend next year. Investors' expected return on the stock is 7%. Your Answer: 718