Investors receive a total return of 13.7 percent on the common stock of Dexter International.The stock is selling for $41.68 a share.What is the dividend growth rate if the company plans to pay an annual dividend of $2.10 a share next year?
A) 7.42 percent
B) 8.66 percent
C) 10.75 percent
D) 11.60 percent
E) 13.70 percent
Correct Answer:
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