Mathilda's Vineyard recently paid a $3.60 annual dividend on its common stock. This dividend increases at an average rate of 3.5% per year. The stock is currently selling for $62.10 a share. What
Is the market rate of return?
A) 2.5%
B) 3.5%
C) 5.5%
D) 6.0%
E) 9.5%
Correct Answer:
Verified
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