$2.$ A stock is expected to pay a dividend of $$2\mathrm{.}3$ at the end of this year $($this is Div$1),$ and it should continue to grow at a constant rate of $6\mathrm{.}9\%$ per year forever.$$ If its required return is $13\mathrm{.}6\%,$ the stock's price today should be $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

$3.$A firm's earnings and dividends are expected to decline at a constant rate of $5\%$ per year.$$ The most recent dividend $($Div$0)$ was $$4\mathrm{.}8$ and the required return on the stock is $14\%.$ The current price of the stock should be $$\_\_\_\_\_\_\_\_\_\_.$