Bikes and More just announced its next annual dividend will be $2.42 a share and all future dividends will increase by 2.5 percent annually.What is the market rate of return if this stock is currently selling for $22 a share?
A)13.62 percent
B)13.84 percent
C)13.58 percent
D)13.50 percent
E)13.46 percent

Question

Quizplus · Accepted Answer

The Answer of Bikes and More just announced its next annual dividend will be $2.42 a share and all future dividends will increase by 2.5 percent annually.What is the market rate of return if this stock is currently selling for $22 a share?
A)13.62 percent
B)13.84 percent
C)13.58 percent
D)13.50 percent
E)13.46 percent

Bikes and More Just Announced Its Next Annual Dividend Will