A share of common stock has just paid a dividend of $2.00. The market return is 15% and the beta is 2. The three month T-bill rate is 5%. The expected long-run growth rate for this stock is 15 percent. (Keep your answer to only two decimals) a. What is the required return for the stock ? (hint: CAPM) (Example of the answer format: 55.55% ) b. What is the stock price ? (Example of the answer format: $55.55))

A share of common stock has just paid a dividend of $2.00. The market return is 15% and the beta is 2 . The three month T-bill rate is 5%. The expected long-run growth rate for this stock is 15 percent. (Keep your answer to only two decimals) a. What is the required return for the stock ? (hint: CAPM) (Example of the answer format: 55.55\% ) b. What is the stock price ? (Example of the answer format: $55.55) )