The Back Room just paid an annual dividend of $$1\mathrm{.}65$ per share and is currently trading at $$15\mathrm{.}45$ per share. The firm expects to pay dividends forever and to increase the dividend at a constant growth rate of g$\%.$

If you believe the current price is fairly priced and the discount rate is $14\%,$ the growth rate should be

Question Blank $1$ of $2$

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$\%$ and seven years from now, you expect the value of this stock to be $

Question Blank $2$ of $2$

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$.$