You expect a share of stock to pay dividends of $1.50, $1.75, and $2.00 in each of the next 3 years. You believe the stock will sell for $17 at the end of the third year.

a.	What is the stock price if the discount rate for the stock is 10%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Stock price

$

b.	What is the dividend yield? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Dividend yield

%