Engine Builders stock sells for $24.20 a share. The firm just paid an annual dividend of $2 per share and has a long-established record of increasing its dividend by a constant 2.5 percent annually. What is the market rate of return on this stock?
A) 10.97 percent
B) 14.41 percent
C) 10.70 percent
D) 12.34 percent
E) 11.46 percent
A) 10.97 percent
Business
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