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McCabe Corporation is expected to pay the following dividends over the next four years: $ 1 7 , $ 1 3 , $ 1 2

McCabe Corporation is expected to pay the following dividends over the next four years: $17,$13,$12, and $5.50. Afterward, the company pledges to maintain a constant 4 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,3216.)
Current share price
Premier, Incorporated, has an odd dividend policy. The company has just paid a dividend of $5 per share and has announced that it will increase the dividend by $4 per share for each of the next five years and then never pay another dividend. If you require a return of 14 percent on the company's stock, how much will you pay for a share today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)
Current share price
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