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Question 1 (1 point) ABC just paid a dividend of $6.69 per share. Dividends are paid annually. The dividend is expect to growth by 7.0%

Question 1 (1 point) ABC just paid a dividend of $6.69 per share. Dividends are paid annually. The dividend is expect to growth by 7.0% per year. The price of the stock today is $49.77. What is the required rate of return? You answer should be shown as a percentage and it should be accurate to two decimal places. Therefore, 0.323857 would be shown as 32.39

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