Question: Problem 7-14 Constant-Growth Model (LO2) Arts and Crafts, Inc. will pay a dividend of $4 per share in 1year. It sells at $40 a share,

Problem 7-14 Constant-Growth Model (LO2) Arts and Crafts, Inc. will pay a dividend of $4 per share in 1year. It sells at $40 a share, and firms in the same industry provide an expected rateo return of 16%. What must bethe expected growth rate of the company's dividends Do not round intermediate calculations. Enter your answer as a whole percent.) Expected growth rate t 1%! Prex 3 of 20 Next>

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