Shares of the Katydid Co.common stock are currently selling for $33.60.The last dividend paid was $1.60 per share.The market rate of return is 10%.At what rate is the dividend growing?
A) 3.50%
B) 4.60%
C) 5.00%
D) 6.05%
E) 6.91%
Correct Answer:
Verified
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