You've collected the following information from your favorite financial website.

a$.$ Using the dividend yield, calculate the closing price for Winter Sports on this day.

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ The actual closing price for Winter Sports was $$30\mathrm{.}36.$ Analysts project a $5$ percent dividend growth rate for Winter Sports. 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$.,32\mathrm{.}16.$