The common stock of Wetmore Industries is valued at $10.08 a share.The company increases their dividend by 3.5 per cent annually and expects their next dividend to be $1.24.What is the required rate of return on this stock?
A) 16.23 per cent
B) 16.53 per cent
C) 16.35 per cent
D) 16.49 per cent
E) 15.80 per cent
Correct Answer:
Verified
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