Part A. One year ago, Bill bought 300 shares of Conglomerated Inc. Now, one year later, the stock has a market price of $43.79 per share, compared to Bill's purchase price of $36.80 a share. During the year, Bill collected dividends of $0.33 per share. Compute Bill's realized rate of return for the year? Answer as a percentage, 2 decimal places (e.g., 12.34% as 12.34).

Part B. Use the Dividend Discount Model to compute the expected price of a stock in 3 years. Each share is expected to pay a dividend of $7.94 in one year. Investors' annual required rate of return is 10.9%, and the expected growth rate of the dividend is 4.4% per annum. Answer to the nearest penny.