Question 22 (4 points) Listen Locksmith's is expected to pay an annual dividend of $0.75 next year. The stock is selling currently for $10.90 a share and has a required rate of return of 11 percent. What is the growth rate of the dividend? 1) 3.62 percent 2) 3.85 percent 3) 3.94 percent 4) 4.12 percent Question 23 (4 points) Listen Company 4M Inc., has a leading EPS of $3, and a book value of equity of $34,943 million. The median peer group P/E is 18.75. Assuming there are no differences in the fundamentals among the peer group and the company 4M, find an estimate of the company stock price using the price multiples. 1) $44.05 2) $56.25 3) $66.35 4) $71.10