Question 33 A stock expects to pay a dividend of $9.12 per share one year from today. The dividend growth rate is estimated to be 5.50 percent per year indefinitely. The expected return on the stock is 14 percent. What should the stock price be today? $107.29 $124.48 $113.20 $120.91 O $117.84 Question 34 MECCS Inc. stock paid its annual dividends of $5.70 per share yesterday. The dividend is expected to decrease at a constant rate of 3 percent per year indefinitely. Investors require a rate of return of 8.60 percent on the stock. How much should one share of the stock be priced today? $44.21 $98.73 $59.92 O $71.59 $47.66