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McKenna Motors is expected to pay a $3 per-share dividend at the end of the year (D1 = $3). The stock sells for $23 per

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McKenna Motors is expected to pay a $3 per-share dividend at the end of the year (D1 = \$3). The stock sells for $23 per share and its required rate of return is 21.4 percent. The dividend is expected to grow at a constant rate, g, forever. What is the growth rate, g, for this stock? 8.36% 8.26%8.16%8.06% 7.96%

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