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Meredith Motors is expected to pay a year-end dividend of $3.00 a share. The stock currently sells for $30 a share. The required rate of

Meredith Motors is expected to pay a year-end dividend of $3.00 a share. The stock currently sells for $30 a share. The required rate of return on the stock is 18%. If the dividend is expected to grow at a constant rate, g, what is g? 1) 13.00% 2) 8.00% 3) 6.00% 4) 5.33% 5) 7.00%

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