Clearview is a publicly held company whose common stock hasrecently been selling for $42.01 per share. The firm is expected topay an annual cash...

Clearview is a publicly held company whose common stock hasrecently been selling for $42.01 per share. The firm is expected topay an annual cash dividend of $2.84 per share next year and thefirm's investors anticipate an annual rate of return of 11%. 1) Ifthe firm is expected is expected to provide an constant annual rateof growth in dividends, what is that growth rate? 2) If the riskfree rate of interest is 3% and the market risk premium is 5%, whatmust the firms beta be to warrant an expected rate of return of 11%on the firms stock?