If you could show the work so I know how to do future problem that would be great!
1. A company has just paid a dividend of 2.32$. Its discount rate is 9.9%, and the expected perpetual growth rate is 5.3%. What would you expect to be the stock's price TODAY?
Express your answer in dollars, rounded to the nearest cent.
2. A company has just paid a dividend of 3.35$. Its discount rate is 10%, and the expected perpetual growth rate is 3.1%. What would you expect to be the stock's price IN ONE YEAR?
Enter your answer in dollars, rounded to the nearest cent.