State Street Corp. will pay a dividend on common stock of $$4\mathrm{.}80$ per share at the end of the year. The required return on common stock is $13\mathrm{.}2\%.$ The firm has a constant growth rate of $7\mathrm{.}2\%.$ Compute the current price of the stock.

Simon Fixtures Corp. is expected to pay $$2\mathrm{.}00$ per share in dividends at the end of the year. The growth rate in dividends is expected to be constant at $8\%$ per year. If the stock is selling for $$50$ per share, what is the required rate of return?