please answer both!!

A company issues preferred stock with an annual dividend of $4.08. If the appropriate discount rate is 10.70%, the value of the preferred stock is $. 01) 37.11 2) 38.13 O 3) 39.07 04) 40.00 5) 41.25 Page 26 of 40 A firm will pay a dividend of $3.11 next year. The dividend is expected to grow at a constant rate of 4.98% forever and the required rate of return is 14.65%. The value of the stock is $ 01) 32.16 0 2) 32.84 3) 33.24 04) 33.98 O 5) 34.29 Page 27 of 40