Find rate of return if company pays constant annual dividend


A company pays a constant annual dividend of $1.60 a share and currently sells for $28.50 a share. What is the rate of return?

A. 4.56 percent

B. 5.39 percent

C. 5.61 percent

D. 6.63 percent

E. 6.91 percent

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Finance Basics: Find rate of return if company pays constant annual dividend
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