1. A stock sells today for $37, and just paid a dividend of $4. If the growth rate is 4%, what is the required return on the stock? Answer to 4 decimal places,
2. A company's dividends are getting smaller at a constant rate of 3% (this growth rate is negative). The company just paid a dividend of $7 and the required return is 11%. What is the price of the company's stock today? Answer to 2 decimal places,