You've collected the following Information from your favorite financlal website.

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

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

b$.$ The actual closing price for Winter Sports was $$25\mathrm{.}69.$ Analysts project a $4\mathrm{.}5$ 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 Intermedlate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$a$.$ Stock price,,$],[$b$.$ Required return,,$\%$