Problem 7-6 Rate of Return (LO2, 3) Steady As She Goes, Inc., will pay a year-end dividend of $2.35 per share. Investors expect the dividend to grow at a rate of 5.85% indefinitely. a. If the stock currently sells for $17.22 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 9.5%, what is the stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price