QUESTION 9 Dungeons and Dragons Gaming Co. is expected to pay a dividend in year 1 of $1.6, a dividend in year 2 of $2, and a dividend in year 3 of $3.1. After year 3, dividends are expected to grow at the rate of 3.5% per year. An appropriate required return for the stock is 12%. Using the multistage dividend discount model, what should be the price of the stock today? QUESTION 10 Synaptic, Inc. has expected earnings of $4.1 per share for next year. The firm's ROE is 14.9%, and its earnings retention ratio is 55%. If the firm's market capitalization rate is 10%, what is the present value of its growth opportunities