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QUESTION
Homewok #5B (Value of Common Stock, Expected Rate of return on Common Stock)
Homewok #5B (Value of Common Stock, Expected Rate of return on Common Stock)
Finance
Question 5 (1 point)
Green Company's common stock is currently selling for $59.85 per share. Last year, the company paid dividends of $1.54 per share. The projected growth at a rate of dividends for this stock is 2.60 percent. Which rate of return does the investor expect to receive on this stock if it is purchased today?
Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box).
