For the past six years, the price of Slippery Rock stock has been increasing at a rate of 8.21 percent a year.Currently, the stock is priced at $43.40 a share and has a required return of 11.65 percent.What is the dividend yield?
A) 3.20 percent
B) 2.75 percent
C) 3.69 percent
D) 4.28 percent
E) 3.44 percent
Correct Answer:
Verified
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