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Gentleman Gym just paid its annual dividend of ( $ 3 ) per share, and it is widely expected that the dividend

Gentleman Gym just paid its annual dividend of \(\$ 3\) per share, and it is widely expected that the dividend will increase by \(4\%\) per year indefinitely. a. What price should the stock sell at if the discount rate is \(12\%\). Note: Do not round intermediate calculations. Round your answer to 2 decimal places. b. What price should the stock sell at if the discount rate is \(10\%\). Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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