Shares of the Katydid Co. common stock are currently selling for $27.73. The last dividend paid was $1.60 per share. The market rate of return is 10%. At what rate is the dividend growing?
A) 2.50%
B) 4.00%
C) 5.98%
D) 13.05%
E) 14.91%
Correct Answer:
Verified
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