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16. Circuit City Stores (CC) recently paid a $.16 dividend. The dividend is expected to grow at a 23 percent rate. At the current stock

16. Circuit City Stores (CC) recently paid a $.16 dividend. The dividend is expected to grow at a 23 percent rate. At the current stock price of $7.96, what is the return shareholders are expecting? Set your decimal places to 4 places and assume the stock is in equilibrium. A. 2.01% B. 23.00% C. 24.02% D. 25.47% E. None of the above

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