The market price of a stock is $24.86 and it just paid a dividend of $1.58. The required rate of return is 11.45%. What is the expected growth rate of the dividend?

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))

The market price of a stock is $24.83 and it is expected to pay a dividend of $1.52 next year. The required rate of return is 11.92%. What is the expected growth rate of the dividend?

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))