Bonnie and Clyde are both considering an investment in the stock of PhillyETC. Based on the constant-growth dividend discount model, they both agree on the same valuation of the stock. However, Bonnie has a required return of 15%, while Clyde has a required return of 18.5%. Assuming Bonnie and Clyde have the same expected dividend for next year, what are Bonnie and Clyde's relative expected dividend growth rates for PhillyETC? Bonnie growth rate Clyde growth rate They both have the same growth rate