Quiz: Ch 7 Quiz Question 8 of 8 This question: 1 point(s) possible mon stock value-Constant growth Mccracken Roofing, Inc., common stock paid a dividend of $1.44 per share last year. The company expects earnings and dividends to grow at a rate of 5% per year for the foreseeable future. What required rate of return for this stock would result in a price per share of $28? If Mccracken expects both earnings and dividends to grow at an annual rate of 11%, what required rate of return would result in a price per share of $28? The required rate of return for this stock, in order to result in a price per share of $28, is |%%. (Round to two decimal places.) The required rate of return for this stock, in order to result in a price per share of $28, is |%. (Round to two decimal places.) Time Remaining: 01-14:13 Submit quiz