BP Industries stock is valued at $11.50 a share. The firm pays annual dividends at an increasing rate of 3.0 percent annually. Next year's dividend will be $1.15 per share. What is the required return on this stock?
A) 10.00%
B) 11.50%
C) 12.60%
D) 13.00%
E) 14.80%
Correct Answer:
Verified
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