How much are you willing to pay for one share of Grainger stock if the company just paid an annual dividend of $$1\mathrm{.}69,$ the dividends increase by $2\mathrm{.}4$ percent annually, and you require a return of $16\mathrm{.}4$ percent?

$$13\mathrm{.}20$

$$13\mathrm{.}75$

$$12\mathrm{.}36$

None of these answers are correct

$$15\mathrm{.}36$

Cates Glass recently paid $$3\mathrm{.}60$ as an annual dividend. Future dividends are projected at $$3\mathrm{.}85,$$$4\mathrm{.}25,$ and $$4\mathrm{.}75$ over the next three years, respectively. Beginning four years from now, the dividend is expected to increase by $3\mathrm{.}25$ percent annually. What is one share of this stock worth today at a discount rate of $12\mathrm{.}5$ percent?

$$42\mathrm{.}92$

$$45\mathrm{.}88$

None of these answers are correct

$$45\mathrm{.}12$

$$47\mathrm{.}35$