Clayton Corporation common stock is expected to pay a dividend of $2.95 in one year. Company earnings
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Question:
Clayton Corporation common stock is expected to pay a dividend of $2.95 in one year. Company earnings and dividends are expected to grow at an annual rate of 9 percent. If you can buy this stock for $34.71, what is your expected return?
a) 9.3%
b) 18.3%
c) 8.5%
d) 17.5%
e) 34.6%
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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