Prior, Inc

question 49

Multiple Choice

Prior, Inc., is expected to grow at a constant rate of 9 percent. If the company's next dividend is $2.75 and its current price is $37.35, what is the required rate of return on this stock? (Do not round intermediate calculations. Round final answer to the nearest percent.)

• A) 13%
• B) 16%
• C) 20%
• D) 21%

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