Question
A common stock's price per share is currently $40. This stock just paid $2.20 per share of annual dividend. The dividend is expected to grow
A common stock's price per share is currently $40. This stock just paid $2.20 per share of annual dividend. The dividend is expected to grow at an annual rate of 9% forever. What is the yield of this stock?
Group of answer choices
6%
9%
14.5%
15%
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
978-0538473637
