The common stock of Sweet Treats is valued at $10.80 a share. The company increases its dividend
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Question:
The common stock of Sweet Treats is valued at $10.80 a share. The company increases its dividend by 8 percent annually and expects its next dividend to be $0.40 per share. What is the total rate of return on this stock?
a. 8.00 percent b. 11.07 percent c. 11.17 percent d. 11.70 percent e. 12.00 percent
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