You are valuing business that will pay you $0 per month for the first 9 years, $360 per month for the next 7 years, growing at 1.3% per year compounded monthly. Another similar risk investment alternative is an account with a quoted annual interest rate of 5.6% with monthly compounding of interest. What is the value in today's dollars of the business?

You are valuing business that will pay you $0 per month for the first 8 years, $393 per month for the next 2 years, growing at 2.8% per year compounded monthly. Another similar risk investment alternative is an account with a quoted annual interest rate of 9.3% with monthly compounding of interest. What is the value in today's dollars of the business?

Suppose a stock is expected to pay a dividend of $4 per quarter for the first 10 years, $3 per quarter for the next 9 years, and $4 per quarter after that (all payments are at the end of each quarter). Stocks with similar betas expect a 9.1% return with quarterly compounding. What is the estimated stock price?