for Ch.7 Question 3 (of 8) 10.00 points The stock price of Webber Co. is $68. Investors require an 11 percent rate of return on similar stocks Required: If the company plans to pay a dividend of $3.85 next year, what growth rate is expected for the company's stock price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g. 32.16).) Growth rate References eBook & Resources Worksheet Difficulty. Basic dividend growth Check my work