Question: a/ 9.44% b 12.13 c 6.64 d 4.04 Lorp. has stock which costs $43.75 per share. The company expects to pay a dividend of $2.30

a/ 9.44%

b 12.13

c 6.64

d 4.04

Lorp. has stock which costs $43.75 per share. The company expects to pay a dividend of $2.30 per share this coming year and the dividends are expected to grow at some constant growth rate thereafter. The company's cost of equity capital is 12%. What is the expected annual growth rate of the company's dividends

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