The current dividend yield on CJ's common stock is 1.65 percent. The company just paid an annual dividend of $1.56 and announced plans to pay $1.70 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Arcs and Triangles paid an annual dividend of $1.47 a share last month. The company is planning on paying $1.52, $1.58, and $1.60 a share over the next three years, respectively. After that, the dividend will be constant at $1. 63 per share per year. What is the market price of this stock if the market rate of return is 14.2 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)