CSB 5410- Last week, Railway Tours paid its annual dividend of $1.20 per share.

1.Last week, Railway Tours paid its annual dividend of $1.20 per share. The company has been reducing the dividends by 10 percent each year. What is the value of this stock at a discount rate of 13 percent?$27.00$36.00$3.71$4.70$8.312.Alpha Industries is going to pay $.35, $.50, and $.80 a share over the next three years, respectively. After that, the company has stated that the annual dividend will be $1.25 per share indefinitely. What is this stock worth today at a discount rate of 13.45 percent?$5.06$6.20$10.88$7.61$9.48