Mart's common shares are currently trading for $59.85 and the company paid its annual dividend of $0.60 per share. If your required rate of return is 12%, what is the implied growth rate in dividends? (Assuming that dividends are expected to grow at a constant rate in perpetuity.)

A. 1.00%

B. 8.46%

C. 11.00%

D. 11.46%

E. 10.89%

Answer rating: 100% (QA)

E 1089 Approx Required return D1Current ... View the full answer