1. Find the accumulated value at the end of five years of an investment fund in which $150 is deposited at the beginning of each quarter for the first three years and $250 is deposited at the beginning of each quarter for the next two years. The fund earns 12% convertible monthly. (Round to nearest dollar)
2. A company has just paid a cash dividend of $2.10 per share. Investors require a 12.1% return from investments such as this. If the dividend is expected to grow at a steady 8.32% per year, what is the current value of the stock?