Steady As She Goes Incorporated will pay a year-end dividend of $2.50 per share. Investors expect the dividend to grow at a rate of 4% indefinitely.

a. If the stock currently sells for $25.00 per share, what is the expected rate of return on the stock?

Note: Do not round intermediate calculations. Enter your answer as a whole percent.

b. If the expected rate of return on the stock is 16.50%, what is the stock price?

Note: Do not round intermediate calculations. Enter your answers rounded to 2 decimal places.