The KJ Corporation has averaged an ROE of 18% over the past 5 years and that should continue into the future. The firm has a payout ratio of 39% on earnings per share of $8.31 and paid the dividend yesterday. The discount rate for a firm of KJ's risk level is 21%

a) What is the expected Growth Rate of KJ's dividend? (note: round to the nearest 100th of a percent) b) What is KJ's current stock price? (note: round to the nearest cent)