Homework: Chapter 7 Homework Save Score: 0 of 1 pt 8 of 8 (0 complete) HW Score: 0%, 0 of 8 pts P7-26 (similar to) Question Help O Assume ExxonMobil's price dropped to S31 overnight. Given the dividend growth rate of ExxonMobil of 5.00% and the last annual dividend of $1.90, what is the implied required rate of return necessary to justify the new lower market price of $31? What is the implied required rate of return necessary to justify the now lower market price of $31? % (Round to two decimal places.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check