Braxton's Cleaning Company stock is selling for $32.60 a share based on a rate of return of 13.8 percent.What is the amount of the next annual dividend if the dividends are increasing by 2.4 percent annually?
A) $2.71
B) $3.84
C) $2.78
D) $2.86
E) $3.72
Correct Answer:
Verified
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