Question 16 Towers Elevator Company has just paid a dividend of R8 per share. Its shares are now selling for R55 per share. The company is twice as risky as the market. The expected return on the market is 10%, and the rate of return on a treasury bill is 4%. If the market is in equilibrium, what rate of growth is expected? 1. 1,27% 2. 5,60% 3. 8,02% 4. 9,78%