Here are data on two stocks, both of which have discount rates of 15% Stock B Stock A 15% $3.00 $1.80 Return on equity Earnings per share Dividends per share 12% $2.30 $1.80 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) Stock A Stock B Dividend payout ratios b. What are the expected dividend growth rates for each stock? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Stock A Stock B % Expected dividend growth rates c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places. Stock A Stock B Stock price