(Common stockhoider expected retum) Bennett, Inc. common stock currently sells for $20.50 per share. The company's executives anscipate a constant growth rate of 8.3 percent and an end-of-year dividend of $2.75; a. What is your expected rate of return if you buy the stock for $20.50? b. If you require a return of 18 percent, should you purchase the stock? a. If you buy the stock for $20.50, your expectod rate of return is K. (Round to two decimal places.) b. If you requ re a retum of 18 percent, the value of the stock for you is $ (Round to the nearest cent). If you require a feturn of 18 percent, you should the stock beckuse the expected rate of retum is your required rate of notum or the intrinsic value of the stock is the current market price. (Select from the drop-down menus.)