1. Emerald Company's current dividend rate is $1.05. Ten years ago it was $.38. Based on this time period, calculate the dividend growth rate. Solve for "g". a 6.04% b 8.76% c9.25% d10.70%

2. Using the information from the previous question, if Emerald's stock price is currently $35, and assuming markets are efficient, calculate Emerald's required rate for it's stock. Use Dividend Growth Model (Gordon Model) rearrange and solve for r. a 6.05% or 6.35% b 9.16% or 10.12% c 13.70% or 14.02%

d.15.25% or 15.67%

please show workings