Company Y does not plow back any earnings and is expected to produce a level dividend stream of $6.7 a share. If the current stock price is $41.7, what is the cost of equity? Note: Enter your answer as a percent rounded to 2 decimal places. Company Z's earnings and dividends per share are expected to grow indefinitely by 2% a year. If next year's dividend is $6 and the cost of equity is 12%, what is the current stock price? Note: Round your answer to 2 decimal places. Stock price