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For the past several years, the stock price of Kraft foods has been increasing at a rate of 9.7 percent per year. The stock is
For the past several years, the stock price of Kraft foods has been increasing at a rate of 9.7 percent per year. The stock is currently selling for $90 per share and the equity cost of capital for Kraft foods is 10.80 percent. Based on this information, the dividend yield for Kraft food works out to:
a.10.70%
b.4.60%
c.9.70%
d.1.10%
e.6.30%
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