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Crowe Industries trades at $21.93 per share. The company just paid a $1.36 per share dividend. Robert Knight, an analyst, estimates that dividends will grow

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Crowe Industries trades at $21.93 per share. The company just paid a $1.36 per share dividend. Robert Knight, an analyst, estimates that dividends will grow at 3.28% per year going forward. If we value Crowe Industries using the constant growth model, what implied return will investors receive at the current price? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.2496, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924)) The yield to maturity for a 8.00 year STRIPS is 6.69%. If par value is $1,000, then it should sell for $ I Submit Answer format: Currency: Round to 2 decimal places

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