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Question 18 3.13 pts The common stock of Sooner Boomer Sports, sells for $85.42 a share. The stock is expected to pay a dividend

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Question 18 3.13 pts The common stock of Sooner Boomer Sports, sells for $85.42 a share. The stock is expected to pay a dividend of $4.60 per share next year. Sooner has established a pattern of increasing their dividends by 2.5 percent annually and expects to continue doing so. What is the market rate of return on this stock? 8.89% O 7.89% O 3.45% O 8.39% 7.64%

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