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QUESTION
The required return on Mountain Brook stock is 14 percent and the dividend growth rate is 5.5 percent. The stock is currently selling for $18.80 a
The required return on Mountain Brook stock is 14 percent and the dividend growth rate is 5.5 percent. The stock is currently selling for $18.80 a share. What is the dividend yield?
7.50 percent
8.93 percent
9.75 percent
10.50 percent
12.50 percent
