The market price of a stock is $21.37 and it just paid a dividend of $1.52. The required rate of return is 11.95%. What is the expected growth rate of the dividend?

The market price of a stock is $24.04 and it is expected to pay a dividend of $1.46 next year. The required rate of return is 11.64%. What is the expected growth rate of the dividend?

I am unclear about the differences and answers between these two

**Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))**