Question: Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com

 Check my work mode : This shows what is correct or

Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 3 10 pot Problem 7-17 Constant-Growth Model (LO2) Eastern Electric currently pays a dividend of $171 per share and sells for $34 a shore a. It investors believe the growth rate of dividends is 4% per year what rate of retor do they expect to earn on the stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. SS Rate ofre 903 b. if investors' required rate of return is 10%, what must be the growth rate they expect of the firm? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Answer is complete but not entirely correct. Growth rate 497 MC

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