CB Industries stock is valued at $16.80 a share.The firm pays annual dividends at an increasing rate of 4.5 percent annually.Next year's dividend will be $1.90 per share.What is the required return on this stock?
A) 11.03 percent
B) 12.50 percent
C) 13.62 percent
D) 14.00 percent
E) 15.81 percent
Correct Answer:
Verified
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