Suppose that a company paid $ 2 per share dividend last year, its dividend is expected to grow at 11 percent for the next 5 years and 3 percent thereafter. If its cost of equity is 11 percent, what is the intrinsic value of this stock using non-constant growth dividend discount model?

Group of answer choices

32.17

33.96

30.38

35.75

39.32

Tesla Inc (TSLA) has been growing at a rate of 30% per year in recent years. This same supernormal growth rate is expected to last for another 5 years, during which it will not pay dividend. It will start paying a dividend of $6 a share in 6th year. After this, earnings and dividends are expected to grow at a 4 percent annual rate indefinitely. Investors currently require a rate of return of 9 percent. What should be the current market price per share of its stock?

Group of answer choices

85.78

66.29

74.09

77.99

70.19