1. How much is a share of Bama Corp. stock expected to be worth one year from now, if you pay $50 per share today for this stock, the next dividend will be $6 per share, and your required rate of return on equity investment is 9%?
2. Suppose you buy stock at a price of $65 per share. Five months later, you sell it for $69. You also received a dividend of $.72 per share. What is your annualized return on this investment? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)