Estimate the annual required rate of return for BTO stock, using the Dividend Discount Model. BTO just paid an annual dividend of $12.03 per share, and the concensus analyst estimate is that the dividend will grow at 6.5% each year. The current market value of BTO stock is $85.81 per share. Answer as a % to 2 decimal places (e.g., 12.34\% as 12.34). Answer: One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $52.73 per share, compared to Bill's purchase price of $47.94 a share. During the year, Bill collected dividends of $2.35 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34\% as 12.34)