Multiple Choice
Shares of ABBO stock are currently selling for $14.43 a share.The last annual dividend paid was $1.61 a share,and dividends increase at a constant rate.If the market rate of return is 14 percent,what is the dividend growth rate?
A) 2.32%
B) 2.56%
C) 1.81%
D) 2.05%
E) 2.50%
Correct Answer:
Verified
Correct Answer:
Verified
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