Green Company's common stock is currently selling for $80.97 per share. Last year, the company paid dividends of $4.60 per share. The projected growth at a rate of dividends for this stock is 3.11 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.

Answer rating: 100% (QA)

To calculate the rate of return also known as the dividend yield on the stock we use the formula Rat... View the full answer