Swish James has signed a contract including $2 million in deferred compensation that will be paid at the end of two years. What is the present value of this contract if he could earn a 4% annual return on his money?

		$1,849.11
		$961.54
		$1,847.69
		$2,000,000
		$2,163,200

ABDOX Inc. is expected to pay a dividend of $1.08 in the coming year (D1 = $1.08). The company will increase its dividend payment at a growth rate of 5 percent every year indefinitely (g = 5.0%). If the required rate of return on the stock is 9%, what is the current value of the companys stock?

		$1.08
		$1.13
		$27.00
		$28.35
		$29.43