Harrison Clothiers' stock currently sells for $25 a share It is expected to pay a dividend of $1 00 a share (That is, D 1 $1 00) The dividend is expected to grow at a constant rate of 7 a year What is the required rate of return 8 75 11 00 11 28 9 30 7 30

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Harrison Clothiers' stock currently sells for $25 a share. It is expected to pay a dividend of $1.00 a share. (That is, D 1 =

Harrison Clothiers' stock currently sells for $25 a share. It is expected to pay a dividend of $1.00 a share. (That is, D₁= $1.00). The dividend is expected to grow at a constant rate of 7% a year. What is the required rate of return?

8.75%

11.00%

11.28%

9.30%

7.30%

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