1. Far Side Corporation is expected to pay the following dividends over the next four years: $3, $6, $11, and $6. Afterward, the company pledges to maintain a constant 0.01 growth rate in dividends forever. If the required return on the stock is 0.13, what is the current share price? Answer with 2 decimals
2. The next dividend payment by Hot Wings, Inc., will be $3.66 per share. The dividends are anticipated to maintain a 0.06 growth rate forever. If the stock currently sells for $45 per share, what is the required return? Answer with 4 decimals.