Swanson Brothers expects to pay a $2.20 dividend next year which is an increase of 3.25% over the prior year. After next year, dividends are projected to grow at a steady rate of 2.5%. Shares of
Swanson stock are currently selling at $15.80 per share. What is the rate of return on Swanson
Stock?

Question

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The Answer of Swanson Brothers expects to pay a $2.20 dividend next year which is an increase of 3.25% over the prior year. After next year, dividends are projected to grow at a steady rate of 2.5%. Shares of
Swanson stock are currently selling at $15.80 per share. What is the rate of return on Swanson
Stock?

Swanson Brothers Expects to Pay a $2