16. The common stock of Andy's Sponting Cioods sells for $25.40 a share. The company recently paid their nnnual dividend of $1.30 per share and expects to increase this dividend by 3 percent annually. What is the rate of return on this stock? a.5.12percentc.8.12pereentb.5.27percent 17. The Black \& Gold Co, is expected to pay a $2.50 annual dividend next year. The market rate of retum on this security is 12 percent and the market price is $31.40a share. What is the expected growth rate of Black \& Gold? a. 3.74 pereent b. 3.89 pereent c. 4.04 percent d. 4.12 pereent 18. The common stock of the Paper Co. is selling for $41.40 a share and offers an 8.2 pereent rate of return. The dividend growth rate is constant at 4 pereent. What is the expected amount of the next dividend? a. $1.67 b. $1.74 c. $1.81 d. $1.90