= Homework: Chapter 7 Homework Question 8, P7-26 (simila... HW Score: 75%, 6 of 8 points Points: 0 of 1 Save Assume ExxonMobil's price dropped to $33 overnight. Given the dividend growth rate of ExxonMobil of 7.00% and the last annual dividend of $1.85, what is the implied required rate of returri necessary to justify the new lower market price of S33? What is the implied required rate of return necessary justify the new lower market price of $33? % (Round to two decimal places.)