Last year, when the stock of Alpha Minerals was selling for $49.50 a share, the dividend yield was 3.4 percent.Today, the stock is selling for $41 a share.What is the total return on this stock if the company maintains a constant dividend growth rate of 2.2 percent?
A) 6.13 percent
B) 6.58 percent
C) 6.40 percent
D) 6.47 percent
E) 6.38 percent
Correct Answer:
Verified
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