1) A stock has a beta of .65, the expected return on the market is 15 percent, and the risk-free rate is 3.40 percent. What must the expected return on this stock be? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

2) A share of stock sells for $46 today. The beta of the stock is 1.1, and the expected return on the market is 14 percent. The stock is expected to pay a dividend of $.90 in one year. If the risk-free rate is 4.5 percent, what should the share price be in one year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Share price         $