Please answer the 2 questions below:

Precision Machining?s last annual dividend was $80 a share. The firm will increase the dividend by 8 percent for the next 2 years and thereafter increase the dividend by 3 percent annually. What is this stock worth today if the required return is 9 percent? 1. $17.08 2. $16.97 3. $15.30 4. $15.06 5. $14.52 Question 6 If the stock market is efficient, then stocks with similar risks will: 1.have similar rates of return. 2. produce excess returns. 3 produce abnormal returns. 4. be priced similarly. 5. pay similar dividends