Round Bam stock has a required return of 8.00% and is expected to pay a dividend of $5.05 next year. Investors expect a growth rate of 4.65% on the dividends for the foreseeable future. Required: a. What is the current fair price for the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. Suppose the stock is selling at this price, but then investors revise their expectations. The new expectation for the growth rate is 4.00%. If investors are rational, what will be the new price for Round Barn stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.)