(B). Estimate the annual required rate of return for BTO stock, using the Dividend Discount Model. BTO just paid an annual dividend of $8.16 per share, and the concensus analyst estimate is that the dividend will grow at 4.1% each year. The current market value of BTO stock is $87.12 per share. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34).

(C). One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $32.53 per share, compared to Bill's purchase price of $33.89 a share. During the year, Bill collected dividends of $1.56 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).