The common stock of Dayton Repair sells for $47.92 a share. The stock is expected to pay $2.28 per share next year when the annual dividend is distributed. The company increases its dividends by 1.65 percent annually. What is the market rate of return on this stock?

Answer rating: 100% (QA)

To calculate the market rate of return on a stock we can use the dividend di... View the full answer