For the most recent year, Garmin (GRMN) just paid an annual dividend of $1.60. The current stock price for Garmin is $31.50. An analyst has estimated a required of 12%. Utilizing the single-stage dividend discount model, what is the implied constant growth rate in dividends for Garmin? Excelon Corp (EXC) just paid an annual dividend of $1.24 for the most recent year. The current stock price is $33.80. Assuming investors expect a constant growth rate in dividends of 7% into perpetuity, what is the implied required return being demanded by investors