1. You forecast a company's dividends for the next four years. In Year 1, you expect to receive $1.00 in dividends. In Year 2, you expect to receive $1.50 in dividends. In Year 3, you expect to receive $2.00 in dividends. In Year 4, you expect to receive $2.50. After Year 4, dividends are expected to grow at 3%. The rate of return for similar risk common stock is 12%. What is the current value of this company's stock?

2. What is the dividend yield for the company in Question 1?

3. Hoth, Inc. will pay a dividend of $5 next year. Dividends are expected to grow at 1% after next year's dividend. The required rate of return for similar stocks is 9%. What is the current value of Hoth, Inc. stock?