The company's stock has a beta equal to 1.30, the risk-free rate is 4.5 percent, and the market risk premium is 7.1 percent. What is your estimate of the stock's required rate of return? Answer in a percentage without the % sign, and round it to two decimal places, i.e., 10.54 for 10.54% (or 0.1054).

Columbus Incorporated just paid $4.5 per share dividend yesterday (i.e.,D₀). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, r, is 11%. What is the value per share of the company's stock? Round your answer to two decimal places.

Fly High Co. is expected to pay a $1.7 per share dividend at the end of the year (i.e.,D₁). The dividend is expected to grow at a constant rate of 4% a year. The required rate of return on the stock, r, is 11%. What is the value per share of the company's stock? Round your answer to two decimal places.