Question: Help with homework question please Steady As She Goes Inc. will pay a year-end dividend of $2.00 per share. Investors expect the dividend to grow

Help with homework question pleaseHelp with homework question please Steady As She Goes Inc. will pay

Steady As She Goes Inc. will pay a year-end dividend of $2.00 per share. Investors expect the dividend to grow at a rate of 6% indefinitely. a. If the stock currently sells for $20 per share, what is the expected rate of return on the stock? (Do not round intermediate calculations. Enter your answer as a whole percent.) Expected rate of return % b. If the expected rate of return on the stock is 18.5%, what is the stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price $

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