31. The common stock of Cranberry Inc. is selling for $22 60 on the open market. Next year's dividend is expected to be $2.50, and the growth rate of this company is estimated to be 7% for the forseeable future. If you are considering purchasing this stock at the market price, what is your expected rate of return? a. 11.05%. b. 14.08%. c. 18.06% d. 19.52% 32. Winnimar Inc. just paid a dividend of $6.95 on its common stock at the end of last year. You expect dividends per share nest year will he 56. 17 and $6.47 the year after that You believe you can sell the stock in two years for $107.29. If your required rate of return on this stock is l8%, how much are you willing to pay for the stock today? a. 5103.5 b. $95.03 c. 586.93 d.577.13