1. Consider a stock that is expected to paya dividend of $2.43 a year from now. The current price of the stock is $52.89. The expected rate of return on the stock is 12.6%. What must be the expected growth rate of the dividends? Enter your answer as a percentage. Do not enter the percentage sign into your answer.
2. Investors expect a rate of return of 3.3%ona preferred stock that has a current price of $33.43.What constantdividend must the stock be paying each year in perpetuity?Enter your response below, rounded to two places.