The market price of a stock is $21.80 and it is expected to pay a dividend of $1.93 next year. The required rate of return is 11.20%. What is the expected growth rate of the dividend?

A stock just paid a dividend of $2.93. The dividend is expected to grow at 29.34% for five years and then grow at 3.58% thereafter. The required return on the stock is 11.31%. What is the value of the stock?