The common stock of Dayton Repair sells for $40.71 a share. The stock is expected to pay $2.95 per share next year when the annual dividend is distributed. The company increases its dividends by 2.03 percent annually. What is the market rate of return on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

The common stock of Dayton Repair sells for $40.71 a share. The stock is expected to pay $2.95 per share next year when the annual dividend is distributed. The company increases its dividends by 2.03 percent annually. What is the market rate of return on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Gee-Gee's is going to pay an annual dividend of $2.05 a share next year. This year, the company paid a dividend of $2 a share. The company adheres to a constant rate of growth dividend policy. What will one share of this common stock be worth six years from now if the applicable discount rate is 12.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)