Question 16 1 pts The Phelps Company's common stock is currently trading for $25.50 per share. The stock is expected to pay a $2.80 dividend at the end of the year and the Phelps Company's equity cost of capital is 10%. If the dividend payout rate is expected to remain constant, then the expected growth rate in the Phelps Company's earnings is closest to - - 0 -1.96% 0 -1.47% 0 -0.98% 0 -0.49%