Top hedge fund manager Sally Buffit believes that a stock with the same market risk as the S&P 500 will sell at year-end at a price of 2.3%. Average rates of return on Treasury bills, government bonds, and common stocks, 1900-2015 (figures in percent per year) are as 547 The stock will pay a dividend at year-end of $2.00 Assume that risk-free Treasury securities currently offer an interest rate cf follows. Average Annual Treasury bills Treasury bonds 3.8 5.3 11.4 5 What is the discount rate on the stock? (Enter your answer as a percent rounded to 2 decimal places.) What price should she be willing to pay for the stock today? (Do not round intermediate calculations. Round your answer to 2