Stock B is expected to pay a dividend of $5 at the end of the first year (time t = 1). Thereafter, dividend growth is expected to be 4 percent a year forever.

Stock C is expected to pay a dividend of $5 at the end of the first year (time t = 1). Thereafter, dividend growth is expected to be 20 percent a year for 5 years (ending at time t = 6) and then zero (i.e. the dividends stop growing) thereafter.

If the discount rate for each stock is 11 percent, what is the price of each stock? Please show all work.