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Part $1$

$($Common

stock

valuation$)$

Dalton Inc. has a return on equity of

$12\mathrm{.}812\mathrm{.}8$

percent and retains

$5757$

percent of its earnings for reinvestment purposes. It recently paid a dividend of

$$$$3\mathrm{.}503\mathrm{.}50$

and the stock is currently selling for

$$$$4343.$

a$.$ What is the growth rate for Dalton$$ Inc.?

b$.$ What is the expected return for$$ Dalton's stock?

c$.$ If you require a

$1313$

percent$$ return, should you invest in the$$ firm?

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Part $1$

a$.$ What is the growth rate for Dalton$$ Inc.?

enter your response here$\%$

$($Round to two decimal$$ places.$)$