Multiple Choice
Northern Gas recently paid a $2.80 annual dividend on its common stock.This dividend increases at an average rate of 3.8 percent per year.The stock is currently selling for $26.91 a share.What is the market rate of return?
A) 13.88 percent
B) 14.03 percent
C) 14.21 percent
D) 14.37 percent
E) 14.60 percent
Correct Answer:
Verified
Correct Answer:
Verified
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