Question: 7. 5 pts Question 7 Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year Di $1.25.

5 pts Question 7 Gray Manufacturing is expected to pay a dividend of $1.25 per share at the end of the year Di $1.25. The stock sells for $27.50 per share, and its required rate of return is 12.3%. The dividend is expected to grow at some constant rates forever. What is the expected growth rate? Your answer should be between 3 22 and 8.78, rounded to 2 decimal places with no special characters

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