The common stock of NCP paid $ 1.25 in dividends last year. Dividends are expected to grow at an annual rate of 8.40 percent for an indefinite number of years.

a. If NCP's current market price is $ 23.03 per share, the stock's expected rate of return is __ % (Round to two decimal places.)

b. If your required rate of return is 10.4 percent, the value of the stock would be $__ (Round to the nearest cent.)

c. You should __ ( buy/ sell) the stock because the expected rate of return is __ ( less than/ greater than ) your required rate of return or the value of the stock is__ ( larger than / smaller than)