A stock sells for $50. The next dividend will be $4 per share. If the rate of return earned on reinvested funds is a constant 10% and the company reinvests a constant 40% of earnings in the firm, what must be the discount rate? (Do not round your intermediate calculations. Enter your answer as a whole percent.) Discount rate % Steady As She Goes Inc. will pay a year-end dividend of $3.10 per share. Investors expect the dividend to grow at a rate of 5% indefinitely a. If the stock currently sells for $31.00 per share, what is the expected rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a whole percent.) Expected rate of return % b. If the expected rate of return on the stock is 17.50%, what is the stock price? (Do not round intermediate calculations. Enter your answers rounded to 2 decimal places.) Stock price