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Mastercard Inc.s stock has a required return of 1 1 % and the stock is currently priced at $ 8 8 per share. Mastercard just
Mastercard Inc.s stock has a required return of and the stock is currently priced at $ per share. Mastercard just paid a dividend of $ and they have announced that they plan to increase its dividend payment at a rate of per year for the next years. After Year they expect the dividend growth rate to slow down from the to a more modest constant growth rate of X per year going forward forever. What is the constant growth rate that Mastercard is expecting after Year ie what Is x
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