Multiple Choice
West Coast Wines recently paid a $4.40 annual dividend on its common stock. This dividend increases at an average rate of 4% per year. The stock is currently selling for $70.30 a share. What is the market rate of return?
A) 6.11%
B) 6.51%
C) 6.77%
D) 10.11%
E) 10.51%
Correct Answer:
Verified
Correct Answer:
Verified
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