Intro

A stock has a price of $$48$ and just paid an annual dividend of $$1\mathrm{.}5.$ The dividend is expected to grow by $2\%$ per year.

Part $1$

Attempt $\frac{2}{10}$ for $0\mathrm{.}95$ pts$.$

What is the expected return?

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Part $2$

Attempt $\frac{1}{10}$ for $0\mathrm{.}95$ pts$.$

What would be your expected return if you had to pay $$58$ for the stock?

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Part $3$

Attempt $\frac{1}{10}$ for $0\mathrm{.}95pts.$

What would be your expected return if you only had to pay $$38$ for the stock?

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