Home Canning Products common stock sells for $44.96 a share and has a market rate of return of 12.8 percent. The company just paid an annual dividend of $1.04 per share. What is the dividend growth rate?
A) 8.29 percent
B) 8.45 percent
C) 9.23 percent
D) 9.67 percent
E) 10.25 percent
Correct Answer:
Verified
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