For five telecom stocks, the table below provides the expected dividend for next year, the current market price, the expected dividend growth rate, and the beta. The risk-free rate is currently 5.2%, and the market risk premium is 6.1%.

Stock	Dividend	Price	Dividend Growth Rate	Beta
Stock 1	2.2	50.32	3	1.2
Stock 2	3.1	35.8	5	0.85
Stock 3	1.85	46.2	3.5	1.2
Stock 4	0.95	33.69	4.5	0.95
Stock 5	3.1	61.2	6	0.74

i) Calculate the expected rate of return for each stock using the Gordon growth model.

ii) Calculate the required rate of return for each stock using the CAPM.