Engine Builders stock sells for $24.20 a share.The firm just paid an annual dividend of $2 per share and has a long-established record of increasing its dividend by a constant 2.5 percent annually.What is the market rate of return on this stock?
A) 10.97 percent
B) 14.41 percent
C) 10.70 percent
D) 12.34 percent
E) 11.46 percent
Correct Answer:
Verified
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