GGM & CAPM

DU recently paid a dividend of $$2\mathrm{.}85.$ An analyst expects that the firm's dividend rate will grow at a constant rate of

$0\mathrm{.}1\%$ indefinitely. He also determines DU's beta is $1,$ the risk$-$free rate is $1\mathrm{.}7\%,$ and the expected return on the

market is $9\mathrm{.}5\%.$

a$.$ What is the cost of equity?

$\%$

Round your answer to two decimals

b$.$ What is the current value of DU's shares?

$

Round your answer to the nearest cent