Shares of ABBO stock are currently selling for $29.06 a share.The last annual dividend paid was $1.50 a share and dividends increase at a constant rate.If the market rate of return is 10 percent,what is the dividend growth rate?
A) 5.32%
B) 4.60%
C) 4.81%
D) 5.05%
E) 4.45%
Correct Answer:
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