The market price of a stock is $37.58 and it is expected to pay a $3.91 dividend next year. The dividend is expected to grow at 3.88% forever. What is the required rate of return for the stock?

Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09))

The market price of a stock is $58.18 and it just paid $5.68 dividend. The dividend is expected to grow at 3.35% forever. What is the required rate of return for the stock?

Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))