Swan Lake Marina is expected to pay an annual dividend of $1.58 next year.The stock is selling for $18.53 a share and has a total return of 12 percent.What is the dividend growth rate?
A) 2.82 percent
B) 3.03 percent
C) 3.28 percent
D) 3.47 percent
E) 3.66 percent
Correct Answer:
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