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Cape Corp. will pay a dividend of $3.40 next year. The company has stated that it will maintain a constant growth rate of 4.5 percent

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Cape Corp. will pay a dividend of $3.40 next year. The company has stated that it will maintain a constant growth rate of 4.5 percent a year forever. 3.5 points a. If you want a return of 15 percent, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) b. If you want a return of 9 percent, how much will you pay for the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Print References Stock price Stock price b

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