Dirt Bikes just announced that its next annual dividend will be $1.42 a share and that all future dividends are expected to increase by 2.5 percent annually.What is the market rate of return if this stock is currently selling for $14.11 a share?
A) 9.76%
B) 10.00%
C) 12.56%
D) 13.67%
E) 12.87%
Correct Answer:
Verified
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