Anron corporation paid a dividend today of 350 per share


Anron corporation paid a dividend today of $3.50 per share, and the dividend is expected to grow at a constant rate of 6% per year. If Anron stock is selling for $61.83 per share, the stockholders' expected rate of return is:

a) 11.00%

b) 12.00%

c) 13.00%

d) 14.00%

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Financial Management: Anron corporation paid a dividend today of 350 per share
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