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Ivonne has bought shares of RIO, Inc. stock for $25.00 per share. She expects a 1.00 dividend at the end of this year. After 2

Ivonne has bought shares of RIO, Inc. stock for $25.00 per share. She expects a 1.00 dividend at the end of this year. After 2 years, she expects to receive a dividend of $3.28 and to sell the stock for $28.75. What is Ivonne's required rate of return?

(show woking please)

24.0%
15.2%
4.0%
11.6%

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