9.A stock is expected to pay a dividend of $2.75 at the end of the year (i.e., D1 = $2.75), and it should continue to grow at a constant rate of 10% a year. If its required return is 15%, what is the stock's expected price 3 years from today? Round your answer to two decimal places. Do not round your intermediate calculations. $

1.

Assume that the risk-free rate is 5.5% and the required return on the market is 9%. What is the required rate of return on a stock with a beta of 2? Round your answer to two decimal places.

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2.

Given the following information, determine the beta coefficient for Stock L that is consistent with equilibrium: = 12.75%; rRF = 5.1%; rM = 9%. Round your answer to two decimal places.