a. A company has just paid a dividend of 3.45$. Its discount rate is 11.9%, and the expected perpetual growth rate is 4.5%. What would you expect to be the stock's price in one year?

Enter your answer in dollars, rounded to the nearest cent

b. Assume a corporation has just paid a dividend of $ 4.67 per share. The dividend is expected to grow at a rate of 3.9% per year forever, and the discount rate is 5.4%.

What is the dividend yield of this stock?

Enter your answer as a percentage, rounded to 1 decimal, and without the percentage sign.