The cost of equity capital for the Houck Corporation is $18\%.$ If the stock offers a dividend yield of $7\%,$ what is the implied expected growth rate?

The cost of equity capital for the Houck Corporation is $18\%.$ If the stock offers a dividend yield of $7\%,$ what is the implied expected growth rate?

$25\%$

$9\%$

$2\mathrm{.}4\%$

none of the above