Finish attempt Question 3 Not yet answered Merked out of1.00 PRag question Estimating the Market's Expected Growth Rate in Dividends Mattel, Inc. was trading at a price of $31.24 per common share at December 31, 2015. Using the Gordon growth model, estimate the markett's expected growth in dividends that is required to yeld the $3124 price per common share. Assume that the current dividend per share is $1.52 and is expected to grow thereafter, and that the cost of equity captal is 8.0%. (Hirt: Use the equation for the dividend docourt model with incrnasing perpenuny at the top of page 12-20.) Round answer to one decimal place (ec 0.0235 - 24%) Note: Assume current dividend per share is the dividend amount when the constant growth period begins Finsh attent a Save Answers O Previous wyPokytetam oy Ue Gude Bromer Sueot