Shares of ABBO Stock Are Currently Selling for $29

question 87

Multiple Choice

Shares of ABBO stock are currently selling for $29.06 a share.The last annual dividend paid was $1.50 a share and dividends increase at a constant rate.If the market rate of return is 10 percent,what is the dividend growth rate?

• A)5.32%
• B)4.60%
• C)4.81%
• D)5.05%
• E)4.45%

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