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Stock ABC is trading at $50 per share. The stock has an expected year-end dividend of $5 (i.e., D1=$5), which is expected to grow at

Stock ABC is trading at $50 per share. The stock has an expected year-end dividend of $5 (i.e., D1=$5), which is expected to grow at a constant rate throughout time (g). The stock's return has a covariance with the market portfolio return of 0.06. The standard deviation of the market portfolio is 0.2. The risk free rate is 6%, and the market risk premium is 8%. If you believe that the stock is efficiently priced, what would be your forecast of the growth rate in dividends (g)?

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