The current dividend yield on Clayton's Metals common stock is 2.5 percent. The company just paid a $1.48 annual dividend and announced plans to pay $1.54 next year. The dividend growth rate is expected to remain constant at the current level. What is the required rate of return on this stock?
A. 6.55 percent
B. 6.82 percent
C. 7.08 percent
D. 7.39 percent
E. 7.75 percent
Answer: A. 6.55 percent
Business
You might also like to view...
The Public Company Accounting Oversight Board was created by the
A) Sarbanes-Oxley Act. B) GASB. C) IRS. D) IASB.
Business
Taking your current employer's customer list to a prospective employer is a breach of trust
Indicate whether the statement is true or false
Business
Show the INSERT INTO statements for the table STUDENT
What will be an ideal response?
Business
With respect to the quality dimensions of manufactured products, _____ refer(s) to a product's primary operating characteristics
a. reliability b. features c. performance d. durability
Business