The common stock of Tasty Treats is valued at $10.80 a share. The company increases its dividend by 8 percent annually and expects its next dividend to be $0.20 per share. What is the total rate of return on this stock?
A) 8.64 percent
B) 9.12 percent
C) 9.40 percent
D) 9.85 percent
E) 10.64 percent
Correct Answer:
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