1, What is the present value of an annual $718 perpetuity if the interest rate is 3.48% compounded annually?

Please round your answer to the second decimal without dollar sign. E.g. 1.11

2, You purchased a stock at $79 and sold the stock for $86 one year after. Just before you sold the stock, you received the dividend payment of $2.37 for the share you held from the company. What is your holding period return?

Please round your answer to the fourth decimal. If your answer is 1.11%, then you should input "0.0111".

* HPR can be positive or negative. If it's negative, do not ignore the negative sign.