Larry's friend, Leon, has decided to buy shares in Larry's new coffee shop, Latte Larry's. The current market price of the stock is $20. Over the next year, Leon expects the company to pay dividends of $1.50 per share and the price of the stock to increase by 3%. What is the expected annual return? Question 8 options: 10% 10.5% 13%

Answer rating: 100% (QA)

The expected annual return for Leons investment in Latte Larrys stock can be calc... View the full answer