Maxwell Communications paid a dividend of $1.20 last year. Over the next 12 months, the dividend is expected to grow at 9 percent, which is the constant growth rate for the firm (g). The new dividend after 12 months will represent D1. The required rate of return (Ke) is 14 percent. Compute the price of the stock (P)- Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Stock price A firm pays a $11.80 dividend at the end of year one (D1), has a stock price of $68, and a constant growth rate (g) of 4 percent. Compute the required rate of return (Ke). Note: Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. Rate of return %