19. (CH 7] LMN Corp's dividends have grown from $1.85 to $2.15 over the last 5 years. What is the growth rate in dividends? 3.05% 20. [CH 7] What is the value of a stock today if it just paid a dividend of $1.05? The required rate of return is 15% and the stock is growing at a rate of 4%. $9.93 21. [CH 7] If a stock is currently trading for $25, and next year's dividend is expected to be $0.55. what is the implied required rate of return? Assume the dividends are growing at a rate of 2.5% for the foreseeable future. 4.7 %