Item$5$

$1$points

Time Remaining $1$ hour $56$ minutes $33$ seconds

$01$:$56$:$33$

Item $5$

Time Remaining $1$ hour $56$ minutes $33$ seconds

$01$:$56$:$33$

Calculating Growth Rates

CDB stock is currently priced at $$85.$ The company will pay a dividend of $$5\mathrm{.}69$ next year and investors require a return of $11\mathrm{.}6$ percent on similar stocks. What is the dividend growth rate on this stock?

Multiple Choice

$5\mathrm{.}86\%$

$4\mathrm{.}58\%$

$4\mathrm{.}91\%$

$6\mathrm{.}69\%$

$4\mathrm{.}66\%$