M3 is expected to pay a $3.00 per-share dividend at the end of the year (D1 = $3.00). The stock sells for $60 per share and its required rate of return is 12 percent. The dividend is expected to grow at a constant rate. What is the growth rate, g, for this stock? 6% 7% O 8% O 9% 5% A share of common stock has just paid a dividend of $2.50 (DO). If the expected long-run growth rate for this stock is 4 percent per year, and if investors require a 13 percent rate of return, what is the price of the stock? $30.91 O $31.78 $27.50 O $26.71 $28.89