Green Company's common stock is currently selling at $24.00 per share. The company recently paid dividends of

Question:

Green Company's common stock is currently selling at $24.00 per share. The company recently paid dividends of $1.92 per share and projects growth at a rate of 4%. At this rate, what is thestock's expected rate of return?

a) 4.08%

b) 8.00%

c) 12.32%

d) 8.80%

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...