Question: Please help I will upvote I am trying to understand. McKenna Motors is expected to pay a $2 per-share dividend at the end of the

Please help I will upvote I am trying to understand. McKenna

Please help I will upvote I am trying to understand.

McKenna Motors is expected to pay a $2 per-share dividend at the end of the year (D1=$2). The stock sells for $23 per share and its required rate of return is 11.4 percent. The dividend is expected to grow at a constant rate, g, forever. What is the growth rate, g, for this stock? 2.90% 2.60% 2.80% 2.70% 3.00%

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