The common stock of Sweet Treats is valued at $10.80 a share.The company increases its dividend by 8 percent annually and expects its next dividend to be $0.40 per share.What is the total rate of return on this stock?
A) 8.00 percent
B) 11.07 percent
C) 11.17 percent
D) 11.70 percent
E) 12.00 percent
Correct Answer:
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