Question: Question 19 (5 points) 19. Financial analysts forecast Pfizer, Inc. (PFE) growth for the future to be 9 percent. Their recent dividend was $1.15. What

 Question 19 (5 points) 19. Financial analysts forecast Pfizer, Inc. (PFE)

Question 19 (5 points) 19. Financial analysts forecast Pfizer, Inc. (PFE) growth for the future to be 9 percent. Their recent dividend was $1.15. What is the value of their stock when the required rate of return is 13.90 percent? (just type the number without $ and round up to second decimal places. For example, if your answer is $5.4989, enter 5.50). Question 20 (5 points) 20. A firm does not pay a dividend. It is expected to pay its first dividend of $0.10 per share in 2 years. This dividend will grow at 11 percent indefinitely. Using a 13 percent discount rate, compute the value of this stock (just type the number without $ and round up to second decimal places. For example, if your answer is $5.498, enter 5.50)

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