The market price of a stock is $22.74 and it just paid a dividend of $1.87. The required rate of return is 11.80%. What is the expected growth rate of the dividend? Round to 2 decimal places. Also if, the market price of a stock is $24.46 and it is expected to pay a dividend of $1.48 next year. The required rate of return is 11.74%. What is the expected growth rate of the dividend? Also round to 2 decimal places. (2 part question but 1 question unfortunately) thank you. will rate thumbs up!