The common stock of Grady Co. returned an 11.25% rate of return last year. The dividend amount was $.70 a share which equated to a dividend yield of 1.5%. What was the rate of price appreciation
On the stock?
A) 1.50%
B) 8.00%
C) 9.75%
D) 11.25%
E) 12.75%
Correct Answer:
Verified
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