Shield Corp. expects an earnings per share of $2.38 and reinvests 30% of its earnings. Management projects a rate of return of 5% on new projects and investors expect a 5% rate of return on the stock. What is the sustainable growth rate? Enter your answer as a percentage. Do not include the percentage sign in your answer.

Enter your response below rounded to 2 DECIMAL PLACES.

: 1.50.01%

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Given a sustainable growth rate of 1.5%, what is the price of the stock with growth?

Enter your response below rounded to 2 DECIMAL PLACES.

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