Homework: Chapt. 7 - Stock Valuation Question 6, P7-11 (similar to) HW Score: 0%, 0 of 17 points O Points: 0 of 1 Save Common stock value: Constant growth The common stock of Barr Labs Inc., trades for $120 per share. Investors expect the company to pay a(n) $1.28 dividend next year, and they expect that dividend to grow at a constant rate forever. If investors require a(n) 13.9% return on this stock, what is the dividend growth rate that they are anticipating? The anticipated dividend growth rate is %. (Round to two decimal places.) Homework: Chapt. 7 - Stock Valuation Question 5, P7-9 (similar to) Part 1 of 2 HW Score: 0%, 0 of 17 points O Points: 0 of 2 Save Common stock valueConstant growth McCracken Roofing, Inc., common stock paid a dividend of $1.07 per share last year. The company expects earnings and dividends to grow at a rate of 7% per year for the foreseeable future. a. What required rate of return for this stock would result in a price per share of $28? b. If McCracken expects both earnings and dividends to grow at an annual rate of 12%, what required rate of return would result in a price per share of $28? a. The required rate of return for this stock, in order to result in a price per share of $28, is %. (Round to two decimal places.)