Seitz glassware is trying to determine its growth rate for an annual cash dividend.

Score: 0 of 5 pts 4 I 6 of 11 (3 complete) v } HW Score: 212796, 15 of 55 pts PT-B (similar '20) "Question Help Seitz Glassware is trying to determine its growth rate for an annual cash dividend. The most recent dividend, Dive, was $0.30 per share. The stock's target return rate is 12%. What is the stock's price if the annual growth rate is 3%? the annual growlh rate is 5%? the annual growth rate is 6%? the annual growth rate is 8%? the annual growth rate is 10%? 999?? a. What is the stock's price if the annual growth rate is 3%? 5D (Round to the nearest cent.) Enter your answer in the answer box and then click Check