You can purchase one share of Sumter Company common stock for $80 today. You expect the price of the common stock to increase to $85 per share in one year. The company pays an annual dividend of $3.00 per share. What is your expected rate of return for Sumter stock?

Answer rating: 100% (QA)

Given that Capital Gain 85 80 Dividend 3 Stock pri... View the full answer