Eastern Electric currently pays a dividend of $1.91 per share and sells for $30 a share.

If investors believe the growth rate of dividends is 2% per year, what rate of return do they expect to earn on the stock?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

If investors' required rate of return is 15%, what must be the growth rate they expect of the firm?

Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.