Sony stock is currently selling for $18.05 per share.

It is expected to have a year-end dividend of $1.16 per share.

The dividends are expected to grow at some constant

growth rate (g).

Sony has a required return of 8%.

What is the expected growth rate in earnings and dividends?

g = 5.75%

g = 2.57%

g = 6.43%

g = 1.57%