Use the following information to answer the next questions:

A stock is just paid a dividend of $0.91 and is growing at a constant rate of 10 percent per year. If the required rate of return is 15 percent, what is the stocks expected price 2 years from today?

1- Which formula is now used to calculate the stock price 2 years from now?

a- P₂ = (P₀ x g)²

b- P₂ = P₀(1+ g)²

c- P₂ = P₀(r_s +g)²

d- P₂ = P₀(r_s -g)²

2- Using the formula you selected above, what is the stock price? P₂ = $