Home Products common stock sells for $36.84 a share and has a market rate of return of 15.8 percent. The company just paid an annual dividend of $1.61 per share. What is the dividend growth rate?
A) 11.43 percent
B) 11.06 percent
C) 10.87 percent
D) 11.18 percent
E) 10.95 percent
Correct Answer:
Verified
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