1. A share of stock will pay a dividend of $1.6 one year from now, with dividend growth of 5 percent thereafter. According to the constant dividend growth model, if the required return is 14.7 percent, what should the value of the stock be 2 years from now?
2. A share of stock just paid a dividend of $1.9, with an expected dividend growth of 5.8 percent forever. According to the constant perpetual growth model, if the required return is 14.2 percent, what should the value of the stock be 3 years from now?