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TC Corp. will pay a dividend of $5 per share next year. The dividend is expected to grow at a constant rate of .065

TC Corp. will pay a dividend of $5 per share next year. The dividend is expected to grow at a constant rate

TC Corp. will pay a dividend of $5 per share next year. The dividend is expected to grow at a constant rate of .065 per year. If TC Corp. stock is selling for $50.00 per share, the stockholders' expected rate of return is Instruction: Round to three decimal places. E.g., if your answer is 0.0106465 or 1.06465%, you should type ONLY the number .011, neither 0.0106465, 0.0106, nor 1.065. Otherwise, Blackboard will treat it as a wrong answer.

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