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(9pts) 2) The common stock of Barr Labs Inc. trades for $107 per share. Investors anticipate the company to pay a(n) $1.38 dividend next year,

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(9pts) 2) The common stock of Barr Labs Inc. trades for $107 per share. Investors anticipate the company to pay a(n) $1.38 dividend next year, and they expect that dividend to grow at a constant rate indefinitely. If the required rate of return on this stock is 15.3%, what is the growth rate they anticipate on their dividend? Show your work for full grade Verdana 11pt BI A IX * E 3 2 O WORDS

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