Data for a share of common stock of ABC Company appear below:
Dividend: 2005 actual $ 1.000
2006 actual 1.100
2007 actual 1.210
2008 expected 1.331
Current market price per share: $20.000
Assuming the dividend pattern above will continue in the future and also assuming that it is the first of January, 2008, the estimated current return for the stock is
A)
6.67%.
B)
10.00%.
C)
5.05%.
D)
16.67%.
A
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