The common stock of Fine China sells for $38.42 a share.The stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter.What is the market rate of return on this stock?
A)9.04 percent
B)9.13 percent
C)8.69 percent
D)9.22 percent
E)8.36 percent

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The Answer of The common stock of Fine China sells for $38.42 a share.The stock is expected to pay an annual dividend of $1.80 next year and increase that amount by 4 percent annually thereafter.What is the market rate of return on this stock?
A)9.04 percent
B)9.13 percent
C)8.69 percent
D)9.22 percent
E)8.36 percent

The Common Stock of Fine China Sells for $38