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Russell Foods will pay a dividend of $2.28 next year. At a required return of 11.5 percent, the stock is valued at $43.20 a share.
Russell Foods will pay a dividend of $2.28 next year. At a required return of 11.5 percent, the stock is valued at $43.20 a share. What is the dividend growth rate at this price?
a. 6.12 percent
b. 5.37 percent
c. 5.28 percent
d. 5.99 percent
e. 6.22 percent
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