Coca-Cola Company stock trades at a share price of USD63.00 and its annualized expected dividend per share during the next year is USD1.76. 

1. If an analyst expects Coca-Cola’s dividend per share to increase at a constant 4 percent per year indefinitely, calculate the required return expected by investors. 

2. If the analyst believes that Coca-Cola stock investors should expect a return of 7 percent, calculate the implied dividend growth rate for Coca-Cola.