Bikes and More Just Announced Its Next Annual Dividend Will

Multiple Choice

Bikes and More just announced its next annual dividend will be $2.42 a share and all future dividends will increase by 2.5 percent annually.What is the market rate of return if this stock is currently selling for $22 a share?

A) 13.62 percent
B) 13.84 percent
C) 13.58 percent
D) 13.50 percent
E) 13.46 percent