The current year's dividend (D 0 ) for a share of common stock is $2 and the current price (P 0 ) of the stock is $30 Dividends are expected to grow at 3 9 forever The rate of return for this stock is

Question: The current year's dividend (D 0 ) for a share of common stock is $2 and the current price (P 0 ) of the stock

The current year's dividend (D₀) for a share of common stock is $2 and the current price (P₀) of the stock is $30. Dividends are expected to grow at 3.9% forever. The rate of return for this stock is _______________%

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