Top hedge fund manager Sally Bult believes that a stock with the same market risk as the S&P 500 will sell at year-end at a price of $60. The stock will pay a dividend at year-end of $2.00. Assume that risk-free Treasury securities currently offer an Interest rate of 1.5%. Average rates of return on Treasury bills. government bonds. and common stocks. 19002015 (gures In percent per year] are as follows. Average Premium (Extra. return Average Annual versus Treasury Portfolio Rate of Return (It bills] (8} Treasury bills 3.3 Treasury bonds 5.3 1.5 Common alto-aka 11.4 LG 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 calculatlons. Round your answer to 2 decimal places}