The stock for Pancake Corp Inc. is expected to pay a dividend of $3.45 next year. The company has promised to increase its dividends by 2.3% every year. If the stock is currently priced at $75.55, then what is the required return for this stock? (NOTE: Round your answer to two decimal places and report it as a percent: for 1.55% you would write 1.55) I Question 6 10 pts Bolment Co. just paid a dividend of $3.25. Future dividends are expected to grow by 3.5% per year. If the required return is 7.8%, then what do you expect the price of the stock to be in 3 years? (NOTE: Round your answer to the nearest cent)