y As She Goes Inc. will pay a year-end dividend of $3.20 per share. Investors expect the dividend to grow at a rate of 6% indefinitely.

a.	If the stock currently sells for $32 per share, what is the expected rate of return on the stock?(Do not round intermediate calculations. Enter your answer as a whole percent.)

Expected rate of return

%

b.	If the expected rate of return on the stock is 18.5%, what is the stock price?(Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price

$