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Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D), - $1.25). The stock sells for

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Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year (D), - $1.25). The stock sells for $27.50 per share, and its required rate of return is 11.3%. The dividend is expected to grow at some constant rate (g) forever. What is the expected Warnwerd be between 322 and 78. rounded to 2 decimal places with no special characters

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