The Uptowner will pay an annual dividend of $3.26 a share next year with future dividends increasing by 2.8 percent annually. What is the market rate of return if the stock is currently selling for $49.10 a share?
A) 9.63 percent
B) 9.13 percent
C) 8.46 percent
D) 9.44 percent
E) 6.83 percent
Correct Answer:
Verified
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