For the past six years,the price of Slippery Rock stock has been increasing at a rate of 9.6 percent a year.Currently,the stock is priced at $67 a share and has a required return of 14 percent.What is the dividend yield?
A) 1.20 percent
B) 2.75 percent
C) 3.49 percent
D) 4.28 percent
E) 4.40 percent
Correct Answer:
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