Mountain Gear, Inc. just announced that its annual dividend for this coming year will be $1.40 a share and that all future dividends are expected to increase by 4.5% annually. What is the market
Rate of return if this stock is currently selling for $28 a share?
A) 5.00%
B) 5.23%
C) 9.50%
D) 9.93%
E) 10.38%
Correct Answer:
Verified
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