Turnips and Parsley Common Stock Sells for $39

question 44

Multiple Choice

Turnips and Parsley common stock sells for $39.86 a share at a market rate of return of 9.5%. The company just paid its annual dividend of $1.20. What is the rate of growth of its dividend?

• A) 5.2%
• B) 5.5%
• C) 5.9%
• D) 6.0%
• E) 6.3%

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