7. + Instructions 26 Saturn Co. just paid an annual dividend of $7 per share, and its dividends are expected to grow at the constant rate of 5% per year. If the share price of Saturn Co. is currently $100, what is the required annual rate of return on Saturn Co.? A B C D 11.30% 13.40% 10.25% 12.35% E 9.20% Pa

26 Saturn Co. just paid an annual dividend of $7 per share, and its dividends are expected to grow at the constant rate of 5% per year. If the share price of Saturn Co. is currently $100, what is the required annual rate of return on Saturn Co.? 11.30% 13.40% 10.25% 12.35% 9.20% 26 Saturn Co. just paid an annual dividend of $7 per share, and its dividends are expected to grow at the constant rate of 5% per year. If the share price of Saturn Co. is currently $100, what is the required annual rate of return on Saturn Co.? 11.30% 13.40% 10.25% 12.35% 9.20%