The MIKO Corp. paid $0.84 in dividends last year. It has just announced that it expects to increase its dividends by 2% each year for the foreseeable future. Currently, MIKO stock is priced at $21.32 per share. What is the rate of return on MIKO stock?
A) 4.01%
B) 4.96%
C) 5.86%
D) 5.94%
E) 6.02%
Correct Answer:
Verified
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