TPI Company common stock is currently selling for $80. Industry analysts are forecasting a dividend of $4.60
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Question:
TPI Company common stock is currently selling for $80. Industry analysts are forecasting a dividend of $4.60 for next year and a growth rate of 8 percent per year for the foreseeable future. What is the expected annual rate of return for the stock?
a) 8.06%
b) 13.75%
c) 15.28%
d) 5.75%
e) 14.21%
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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