2. Lawton Company common stock currently sells for $38 and pays (year 0) a dividend of $2. Determine the implied growth rate for Lawton assuming that an investor's required rate of return is 12 percent and using a constant growth valuation model. a. 6.74 percent b. 17.26 percent c. 6.40 percent d. 1.28 percent no excel please. needs long way. tha