Wholesale Foods common stock is valued at $28.95 per share. The firm pays annual dividends which increase at a constant rate. The last dividend paid was $1.10. The required return is 8 percent. What is the dividend growth rate?
A) 1.03%
B) 1.67%
C) 3.47%
D) 3.59%
E) 4.05%
Correct Answer:
Verified
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