Pls help with Finance!?

Question

Hahn Manufacturing is expected to pay a dividend of $1.00 per share at the end of the year (D1 = $1.00). The stock sells for $45 per share, and its required rate of return is 11%. The dividend is expected to grow at a constant rate, g, forever. What is Hahn's expected growth rate?

Answer 1

This is a CAPM question...

You should know that P = D1/(r-g)

Using that, you can find the growth rate, which is 8.77%