Ackert Company's last dividend was $2.50. The dividend growth rate is expected to be constant at 1.5% for 2 years, after which dividends are expected to grow at a rate of 8.0% forever. The firm's required return (ra) is 13.0%. What is the best estimate of the current stock price? Do not round intermediate calculations. a. 547.83 b. 153.76 $42.82 d. $49.76 $50.33 Suppose the real risk-free rate is 3.40%, the average expected future inflation rate is 3.10%, and a maturity risk premium of 0.10% per year to maturity applies, Le, MRP -0.10%(t). where t is the years to maturity. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is NOT valid? Include the cross-product term, Le, if averaging is required, use the geometric average. (Round your final answer to 2 decimal places.) 4.6.71% b.3.61% C3314 d. 6.50% O 6.60% O O O