Answer
g = 4.8%
Explaination
We can use the Gordon growth model to calculate stock pice.
P = D(1) / (r - g)
P: Stock price ($76)
D(1): Dividend paid at year-end ($4.41)
r: required rate of return (10.6%)
g: dividend growth rate (Missing value)
By inputting numbers into the above equation, we have the following:
76 = 4.41 / (0.106 - g)
--> g = 4.8%
