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You've collected the following information from your favorite financial website. a . Using the dividend yield, calculate the closing price for GAM Capital on this

You've collected the following information from your favorite financial website.
a. Using the dividend yield, calculate the closing price for GAM Capital on this day.
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
b. The actual closing price for GAM Capital was $26.36. Analysts project a 4.75 percent dividend growth rate for
GAM. What is the required return for the stock using the dividend discount model and the actual stock price?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal
places, e.g.,32.16.
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