Steady As She Goes, Inc., will pay a year$-$end dividend of $$2\mathrm{.}35$ per share. Investors expect the dividend to grow at a rate of $6\mathrm{.}24\%$ indefinitely.

a$.$

If the stock currently sells for $$56\mathrm{.}49$ per share, what is the expected rate of return on the stock? $($Do not round intermediate calculations.$)$

Expected rate of return

$\%$

b$.$

If the expected rate of return on the stock is $10\mathrm{.}29\%,$ what is the stock price? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Stock price $