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IBIS Corporation has had dividends grow from $ 2.50 per share to $ 6 . 5 0 per share over the last 10 years (th

IBIS Corporation has had dividends grow from $2.50per share to $6.50 per share over the last10years(the $6.50 per share dividend was paid yesterday; that is, D0= $6.50). This compounded annual growthrate in dividends is expected to continue into the future forever. If the current market price of IBISsstock is $45.00 per share, what rate of return do investors expect to receive from buying IBIS stock?

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