1. Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 20% for two years and then at 3% thereafter. If the required return for Deployment Specialists is 10.0%, what is the intrinsic value of Deployment Specialists stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Intrinsic value $
2. True or False: An amortization schedule shows how much of each payment constitutes interest, how much is used to reduce the principal, and the unpaid balance at the end of each period. The unpaid balance at time N must be zero. Why?