Shack Diesel Company has stock trading today at $41.43 per share. The company just paid a $2.47 per share dividend. Kenny Smith, an analyst, believes investors should seek a 11.00% return to hold the stock. If we value Shack Diesel using the constant growth model, what dividend growth rate would justify these assumptions? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) An analyst is trying to use a dividend pricing model to evaluate Bank of America (BOA). After careful analysis, she projects BOA will pay the following dividends over the next three years: YEAR 1 2 $1.25 $1.40 Dividend $1.00 After year 3, the analyst assumes a conservative growth rate of 4.00% per year for dividends. Based on the risk of BOA, she wants an 18.00% return on the stock. What price is BOA worth today? Submit Answer format: Currency: Round to: 2 decimal places. Points: 1/40 Grade: 2.5% Progress: 2.5 % Time Remaining: 147:50 W