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 percent
B) 11.50 percent
C) 12.60 percent
D) 13.00 percent
E) 14.80 percent
Correct Answer:
Verified
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