The common stock of Auto Deliveries sells for $29.37 a share. The stock is expected to pay $2.45 per share next year when the annual dividend is distributed. The firm has established a pattern of increasing its dividends by 1.5 percent annually and expects to continue doing so. What is the market rate of return on this stock?
A. 9.07%
B. 9.42%
C. 9.67%
D. 9.84%
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The common stock of Auto Deliveries sells for $29.37 a share. The stock is expected to pay $2.45 per...
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