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Pharmecology just paid an annual dividend of $1.85 per share. It's a mature company, but future EPS and dividends are expected to grow with Inflation,

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Pharmecology just paid an annual dividend of $1.85 per share. It's a mature company, but future EPS and dividends are expected to grow with Inflation, which is forecasted at 2.75% per year. The nominal cost of capital is 9.50%. a. What is Pharmecology's current stock price? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Current stock price b. What would be Pharmecology's current stock price using forecasted real dividends and a real discount rate? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Current stock price

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