A company currently pays a dividend of $4 per share D0= 4. It is estimated that

A company currently pays a dividend of $4 per share D0= 4. It is estimated that the companys dividend will grow at a rate of 20% percent per year for the next 2 years then the dividend will grow at a constant rate of 5% thereafter. The companys stock has a beta equal to 1.3 the risk-free rate is 8 percent and the market risk premium is 4 percent. What is your estimate is the stocks current price? Round your answer to the nearest cent =__________Brushy Mountain Mining Companys ore reserves are being depleted so its sales are falling. Also its pit is getting deeper each year so its costs are rising. As a result the companys earnings and dividends are declining at the constant rate of 8% per year. If D0= $2 and rs= 13% what is the value of Brushy Mountain Minings stock? Round your answer to the nearest cent= __________