SU2022 FN 310-QL Fund of Financial Management Homework: Chapter 7 Homework Question 8, P7-26 (similar to) Assume ExxonMobil's price dropped to $39 overnight. Given the dividend growth rate of ExxonMobil of 7.00% and the last annual dividend of $1.75, what is the implied required rate of retum necessary to justify the new lower market price of $397 CHE What is the implied required rate of retum necessary to justify the new lower market price of $30? % (Round to two decimal places.) Taylar Bimbo HW Score: 50%, 4 of 8 points O Points: 0 of 1 Save