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Steady As She Goes Inc. will pay a year-end dividend of $3.60 per share. Investors expect the dividend to grow at a rate of 4%

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Steady As She Goes Inc. will pay a year-end dividend of $3.60 per share. Investors expect the dividend to grow at a rate of 4% indefinitely a. If the stock currently sells for $36.00 per share, what is the expected rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a whole percent.) Expected rate of retur b. If the expected rate of return on the stock is 16,50% what is the stock price? (Do not round intermediate calculations. Enter your answers rounded to 2 decimal places.) Stock price

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