1. Sky High Co. just paid a dividend of $2.0 per share on its stock. The dividends are expected to grow at a constant rate of 2 percent per year indefinitely. If investors require an 8.6 percent return on Sky High Co. stock, the current price is $ _________ . Round it to two decimal places

2. Sky High Co. just paid a dividend of $4.6 per share on its stock (D0). The dividends are expected to grow at a constant rate of 6 percent per year indefinitely. If investors require an 9.1 percent return on Sky High Co. stock, the stock price in 3 years should be $ _________ . Round it to two decimal places.