STOCK VALUATION PROBLEMS: the second sentence of problem 6 should read: " starting in year 11, it will pay a constant dividend of $15 per share." Then the rest of the problem is correct, how do I solve #6? Then problem 7 is based off of the information from problem 6, how do I solve it?

6. Inc. is not expected to pay any dividends for the next 10 years. Starting in year 11, it will pay a i.e. ieve) dividend of Five years from today, it is projected to pay initial dividend of $15.00 per share. If your required rate of return is 18%, how much should you pay for a share of LJD's common stock? 7. How would the previous question change if L D also paid a dividend of each year for each of the next 10 years