The HNH Corporation will pay a constant dividend of $1.00 per share, per year, in perpetuity. Assume all investors pay a 15% tax on dividends and that there is no capital gains tax. Suppose the other investments with equivalent risk to HNH stock offer an after-tax return of 11%. a. What is the price of a share of HNH stock? b. Assume that management makes a surprise announcement that HNH will no longer pay dividends but will use the cash to repurchase stock instead. What is the price of a share of HNH stock now? a. What is the price of a share of HNH stock? The price is $ per share. (Round to the nearest cent.)