$($Common stockholder expected return$)$ Alyward & Bram common stock currently sells for $$23\mathrm{.}25$ per share. The company's executives anticipate a constant growth rate of $8\mathrm{.}7$ percent and an end$-$of$-$year dividend of $$1\mathrm{.}75.$

a$.$ What is your expected rate of return?

b$.$ If you require a return of $17$ percent, should you purchase the stock?

a$.$ If you buy the stock for $$23\mathrm{.}25,$ your expected rate of return is $\%($Round to two decimal places.$)$

b$.$ If you require a return of $17$ percent, the value of the stock for you is $ $($Round to the nearest cent.$)$

If you require a return of $17$ percent, you should $$ the stock because the expected rate of return is $$ your required rate of return or the intrinsic value of the stock is $$ the current market price. $($Select from the drop$-$down menus.$)$