Here are data on two stocks, both of which have discount rates of 10%: Return on equity Earnings per share Dividends per share Stock 10% $2.40 $ 1.20 Stock B 8% $ 1.40 $ 1.20 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) Dividend payout ratios Stock A 80.00 % % Stock B 85.72 % b. What are the expected dividend growth rates for each firm? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Expected dividend growth rates StockA 2.80 X Stock B 1.43 % % c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock price Stock A $ 11.01 Stock B $ 9.68%