Janis Corp.just issued an annual dividend of $2.50 per share.The firm anticipates the growth rate in dividends will be 3% annually for the foreseeable future.If the current price is $61 per share,what is the required rate of return for the firm's equity?
A) 7.10%
B) 8.36%
C) 7.22%
D) 6.95%
Correct Answer:
Verified
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