Homework Homework Set 2 Question 21, P7-9 (simila... HW Score: 54.9%, 27.45 of 50 points Save Part 1 of 2 Points: 0 of 2 Common stock value-Constant growth McCracken Roofing, Inc. common stock paid a dividend of $1.38 per share last year. The company expects samnings and dividends to grow ma rate of 8% per year for the foreseeable future. a. What required rate of return for this stock would result in a price per share of $307 b. I MoCraoken expects both camnings and dividends to grow at an annual rate of 115, what required rate of retum would result in a price per share of $307 The required tate of retum for this stock, in order to result in a price per shore of $30, 1 % Round to two decimal places) Help Me Solve This View an Example Get More Help Clear All Check Answer 10 Stv TEA