The firm just paid an annual dividend of $2 per share and plans to increase that amount by 5% every year. What is the expected stock price in year 1, year 2 if the required return is 15%?

		22.05, 23.15
		21, 22.05
		14.7, 15.44

You observe a stock price of $17. You expect a dividend growth rate of 5% and the current year's dividend was $1.70. What is the required return?

		15%
		15.5%
		10%

You observe a stock price of $17. You expect a dividend growth rate of 5% and the next year's dividend was $1.70. What is the required return?

		15.5%
		10%
		15%