(I'm using r for the discount rate (required rate of return) and g for the expected growth rate.)
The Gordon growth model (GGM) uses the expected dividend, one year away, in the numerator. For Question 1, you're given the most recent dividend, and various expectations for the dividend's growth (pos or neg). From this, you can quickly determine the expectations for next year's dividend under the four scenarios. Pop those into GGM to price the stock.
For Q2, look at GGM's denominator. What happens when r = g? When r < g?
Back to you, amigo. Post back with what you're coming up with, and we can discuss further if need be.
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