Top hedge fund manager Sally Buffit believes that a stock with the same market risk as the \( \$ \& P 00 \)amp;P00 will sell at year-end at a price of $42 The stock will pay a dividend at year-end of $4,00. Assume that risk-free Treasury securities currently offer an interest rate of 17% Average rates of retum on Treasury bills, government bonds, and common stocks, 1900-20n (figures in percent per year) are as. follows, ...nus is une discount rate on the stock? (Enter your answer as a percent rounded to 2 decimal places.) b. What price should she be willing to pay for the stock today? (Do not round intermediate calculations. Round your onswer to 2 decimal places.)