Return on equity Earnings per share Dividends per share Stock A Stock B 15% 12% $3.00 $2.30 $1.80 $1.80 a. What are the dividend payout ratios for each firm? (Enter your answers as a percent rounded to 2 decimal places.) Dividend payout ratios Stock A 60.00 Stock B 78.26% b. What are the expected dividend growth rates for each stock? (Do not round Intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) Expected dividend growth rates Stock A 5.00% Stock 2611 c. What is the proper stock price for each firm? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Stock Stock price Stock A $ 20.00 Here are data on two stocks, both of which have discount rates of 15%: Return on equity Earnings per share Dividends per share Stock A 15% $3.00 $1.80 Stock B 12% $2.30 $1.80