Next year Steady As She Goes, Inc., is expected to pay a year$-$end dividend of $$4\mathrm{.}55$ per share. Investors expect the dividend to grow at a rate of $12\mathrm{.}96\%$ indefinitely.

a$.$

If the stock currently sells for $$23\mathrm{.}405$ per share, what is the expected rate of return on the stock? $($Do not round intermediate calculations.$)$

Expected rate of return

$\%$

b$.$

If the expected rate of return on the stock is $38\mathrm{.}88\%,$ what is the stock price?