Computer stocks currently provide an expected rate of return of 24%. MBI, a large computer company, will pay a year-end dividend of $3.60 per share. If the stock is selling at $66 per share, what must be the market's expectation of the growth rate of MBI dividends? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "%" sign in your response.) Growth rate If dividend growth forecasts for MBI are revised downward to 11% per year, what will happen to the price of MBI stock? The price will fall. The price will rise. What (qualitatively) will happen to the company's price-earnings ratio? The price-earnings ratio will fall. The price-earnings ratio will rise