HOW IS 20.18% THE ANSWER?????????? PLEASE HELP

(Common stockholder expected return) If you purchased 100 shares of common stock that pays an end-of-year dividend of $3.75, what is your expected rate of return if you purchased th stock for $30.43 per share? Assume the stock is expected to have a constant growth rate of 7 percent. Your expected rate of return is 19.32 %. (Round to two decimal places.) X That's incorrect. Correct answer: 20.18 Your answer: 19.32 Similar Question Next