You buy a share of The Ludwig Corporation stock for $$22\mathrm{.}90.$ You expect it to pay dividends of $$1\mathrm{.}11,$ $$1\mathrm{.}1688,$ and $$1\mathrm{.}2307$ in Years $1,2,$ and $3,$ respectively, and you expect to sell it at a price of $$26\mathrm{.}74$ at the end of $3$ years.Problem $8-21($Return on Common Stock$)$

Return on Common Stock

a$.$ Calculate the growth rate in dividends. Round your answer to two decimal places.

$\%$

b$.$ Calculate the expected dividend yield. Round your answer to two decimal places.

$\%$

return? $($Assume the market is in equilibrium with the required return equal to the expected return.$)$ Do not round intermediate calculations. Round your answer to two decimal places.