Multiple Choice
The common stock of Auto Deliveries sells for $28.16 a share.The stock is expected to pay $1.35 per share next year when the annual dividend is distributed.The firm has established a pattern of increasing its dividends by 3 percent annually and expects to continue doing so.What is the market rate of return on this stock?
A) 7.42 percent
B) 7.79 percent
C) 19.67 percent
D) 20.14 percent
E) 20.86 percent
Correct Answer:
Verified
Correct Answer:
Verified
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