Halis current stock price is $36.00, its last dividend was $2.40, and its required rate of return is 12%. If dividends are expected to grow at a constant rate, g, in the future, and if the required rate of return is expected to remain at 12%, what is Halis expected stock price 5 years from now?

a) The constant growth rate = %

b) Expected stock price 5 years from now =