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Southern Markets recently paid an annual dividend of $4.34 on its common stock. This dividend increases at an average rate of 4.2 percent per year.
Southern Markets recently paid an annual dividend of $4.34 on its common stock. This dividend increases at an average rate of 4.2 percent per year. The stock is currently selling for $30.51 per share. What is the market rate of return? (Enter your answer in DECIMAL (not in percent). For example, if the result of your calculation is 1.2396, enter 0.0123) (Round your answer to the nearest thousands (upto three decimal places). le if your answer is 1234,56789, enter 1234,568)
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