9. At the last minute, Jenna considers investing in Coca-Cola stock at a price of $53.48 per share instead. The stock just paid an annual dividend of $1.60 and she expects the dividend to grow at 4.00% annually. If the next dividend is due in one year, what expected return is Coca-Cola stock offering?

5 Current Coca-Cola Stock Price for Q9 Coca-Cola Annual Dividend (just paid) Cocal-Cola Expected Dividend Growth 3.48 $1.60 4% Coca-Cola stock Current Price Annual Dividend Dividend Growth Expected Dividend in one year