Industrial Industries is growing quickly. Dividends are expected to grow at a 20 percent rate for the next 3 years, with the growth rate falling off to a constant 3.5 percent thereafter. If the required return is 10 percent and the company just paid a $2.40 dividend. what is the current share price? (Do not round your intermediate calculations.)

Question 1 options:

	$59.95
	$58.20
	$61.11
	$62.28
	$59.37

Industrial Corporation stock currently sells for $36.36 per share. The market requires a 18 percent return on the firm's stock. If the company maintains a constant 2.4 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Question 2 options:

	$7.15
	$6.65
	$5.67
	$6.87
	$5.54