3. Determining the expected growth of a Common Stock The current price of Microsoft (MSFT) is $210.50. During the past 12 months MSFT paid $2.10 in dividends. Microsoft a. Assume that investors require a 11.2% return on their investment in MSFT stock. Using the constant growth model for stock valuation, what is the necessary (expected) growth of MSFT's dividend and common stock for the upcoming year to achieve a 11.2% return? Microsoft b. Does this growth rate seem reasonable? If your expectation is that MSFT will grow at 9.5%, does this make MSFT an attractive, or unattractive, stock to purchase