Using formula for constant dividend growth model, 24.51 = (1.94)*(1+g)/(.1126 - g). Solving for g, you have 0.031 #1 The market price of a stock is $24.51 and it just paid a dividend of $1.94. The required rate of return is 11.26%. What is the expected growth rate of the dividend? Submit 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))