Multiple Choice
You are considering the purchase of Sanders Corp., a constant growth stock. The stock paid a current price of $3.00. The next year's stock price is expected to be $3.18. If the stock is returning 15%, calculate its dividend yield.
A) 6%
B) 7%
C) 8%
D) 9%
Correct Answer:
Verified
Correct Answer:
Verified
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