Question $1$

NoGrowth Corporation currently pays a dividend of $ $0\mathrm{.}49$ per$$ quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the$$ firm's equity cost of capital is $15\mathrm{.}1\%?$

question $2$: NoGrowth Corporation currently pays a dividend of $ $0\mathrm{.}41$ per$$ quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the$$ firm's equity cost of capital is $13\mathrm{.}7\%?$