Steady As She Goes Incorporated will pay a year-end dividend of $2.30 per share. Investors expect the dividend to grow at a rate of 6% indefinitely. a. If the stock currently sells for $23.00 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. Expected rate of return % b. If the expected rate of return on the stock is 18.50%, what is the stock price? Note: Do not round intermediate calculations. Enter your answers rounded to 2 decimal places. Stock price

Steady As She Goes incorporated will pay a year-end dividend of \$2,30 per share. Investors expect the dividend to grow at a rate of 6% indefinitely. a. If the stock currently sells for $23,00 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 18.50%, what is the stock price? Note: Do not round intermediate calculations. Enter your answers rounded to 2 decimal places