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(Common stock valuation) The common stock of NCP paid $2.25 in dividends last year. Dividends are expected to grow at an annual rate of 9.40

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(Common stock valuation) The common stock of NCP paid $2.25 in dividends last year. Dividends are expected to grow at an annual rate of 9.40 percent for an indefinite number of years. a. If NCP's current market price is $23.39 per share, what is the stock's expected rate of return? b. If your required rate of retum is 11.4 percent, what is the value of the stock for you? c. Should you make the investrient? a. If NCP's current market price is $23.39 per share, the stock's expected rate of return is \%. (Round to two decimal places.)

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