1. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 4.82 percent for the next three years, with the growth rate falling off to a constant 6.73 percent thereafter. If the required return is 7.59 percent and the company just paid a dividend of $7.42, what is the current share price,
2. Kyle purchases 100 shares of Superstock for $6,500. One year later, he sells the lot when the stock is trading for $79 per share. Superstock does not pay dividends. What is Kyle’s holding period return?