Bet'R Bilt Bikes just announced that its annual dividend for this coming year will be $2.42 a share and that all future dividends are expected to increase by 2.5% annually. What is the market rate of return if this stock is currently selling for $22 a share?
A) 9.5%
B) 11.0%
C) 12.5%
D) 13.5%
E) 15.0%
Correct Answer:
Verified
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