Industrial Corporation stock currently sells for $90 per share. The market requires a 12 percent return on the firm's stock. If the company maintains a constant 6 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Question 1 options:

	$4.43
	$5.40
	$4.69
	$5.09
	$4.89

Consolidated Industrial is growing quickly. Dividends are expected to grow at a 14 percent rate for the next 4 years, with the growth rate falling off to a constant 3.25 percent thereafter. If the required return is 14.5 percent and the company just paid a $2.00 dividend. what is the current share price? (Do not round your intermediate calculations.)

Question 2 options:

	$25.17
	$26.47
	$25.95
	$24.65
	$23.87