Shares in Softec Ltd is currently selling for $42.86.It is expected to pay a dividend of $3.00 at the end of the year.Dividends are expected to grow at a constant rate of 3% indefinitely.Calculate the required rate of return on FBC shares.
A) 10%
B) 33%
C) 7%
D) 4.3%
Correct Answer:
Verified
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