Ultra fine furnishings is in the process of selling its peripheral businesses and focusing on its upscale clients. in conjunction with this reorganization, the dividend will be decreased by 10 percent for the next three years. after that, the dividend will resume increasing at an annual rate of 5 percent. the required return on this stock is 14 percent and the last dividend paid was $2.40 a share. what is one share of this stock worth today?

Jaguar has full manufacturing costs of their s-type sedan of £22,803. they sell the s-type in the uk with a 20% margin for a price of £27,363. today these cars are available in the us for $55,000 which is the uk price multiplied by the current exchange rate of $2.01/£. jaguar has committed to keeping the us price at $55,000 for the next six months. if the uk pound appreciates against the usd to an exchange rate of $2.15/£, and jaguar has not hedged against currency changes, what is the amount the company will receive in pounds at the new exchange rate?