1. Mathias Brothers is expected to pay a $1 per share dividend at the end of the year (D1 = $1). The dividend is expected to grow at a constant rate of 6% per year and the required rate of return on the stock is 14%. What is the stock’s intrinsic value? (express your answer in dollars and cents. Do not include the $ symbol)
2. A printer company has two locations with a total of 32 employees. If two times the number of employees at the larger location is eight less than six times the number of employees at the smaller location, how many employees are at each location?