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The common stock of Sweet Treats is selling for $48.35 per share. The company is expected to have an annual dividend increase of 3.2 percent

The common stock of Sweet Treats is selling for $48.35 per share. The company is expected to have an annual dividend increase of 3.2 percent indefinitely and pay a dividend of $3.60 in one year. What is the total return on this stock?

  • 11.97%

  • 11.97%

  • 10.88%

  • 11.31%

  • 10.65%

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