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Assume that Cola Co . has a share price of $ 4 3 . 7 7 . The firm will pay a dividend of $

Assume that Cola Co. has a share price of $43.77. The firm will pay a dividend of $1.12 in one year, and you expect Cola Co. to raise this dividend by approximately Y% per year in perpetuity. Cola Co.'s equity cost of capital is 8.3%. Given Cola Co.'s share price today, its dividend growth rate should be Y%. Find the value of Y.(Round to two decimal places.)
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None of the answers mentioned
4.73
6.72
5.74

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