Jessie Inc.is expected to pay an annual dividend of $1.10 per share in the coming year,and to trade for $53.45 at the end of the year.If investments with the same risk as Jessie's stock have an expected return of 7.5%,what is Jessie's dividend yield?
A) 2.0%
B) 2.1%
C) 2.2%
D) 2.3%
E) 2.5%
Correct Answer:
Verified
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