Estimating the Market’s Expected Growth Rate in Dividends Mattel, Inc. was trading at a price of $27.17 per common share at December 31, 2015. Using the Gordon growth model, estimate the market’s expected growth in dividends that is required to yield the

$27.17 price per common share. Assume that the current dividend per share is $1.52 and is expected to grow thereafter, and that the cost of equity capital is 8.0%. (????int???? Use the equation for the dividend discount model with increasing perpetuity, at the top of page 12-19.)