Question 34 (2 points) You own a company that sells water skis. You expect to pay an annual dividend of $0.61 per share in the coming year, and you expect your stock to trade for $9.75 at the end of the year. If investments with the same risk as your stock have an expected return of 10.6%, what is your capital gain rate? Your Answer: Answer units Question 35 (2 points) Hunting Fisheries has 624 million shares outstanding. Projected end of year earnings are $940 million. The firm's equity cost of capital is 9.1%. Hunting pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Hunting's earnings are expected to grow at a constant 4.0% per year, what is its share price? Your Answer: Answer units