Problem 7-7 Rate of Return (LO2, 3) Steady As She Goes Inc. will pay a year-end dividend of $3 per share. Investors expect the dividend to grow at a rate of 4% indefinitely a. If the stock currently sells for $30 per share, what is the expected rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a whole percent.) Expected rate of return % b. If the expected rate of return on the stock is 16.5%, what is the stock price? (Do not round intermediate calculations.) Stock price $ $