Use the Dividend Discount Model to determine the expected annual growth rate of the dividend for ELO stock. The firm is expected to pay an annual divided of $4.28 per share in one year. ELO shares are currently trading for $37.12 on the NYSE, and the expected annual rate of return for ELO shares is 15.65%. Answer as a % to 2 decimal places (e.g., 12.34% as 12.34). Answer Check