The stock price of russell inc is 81 investors require a 14


The stock price of Russell, Inc. is $81. Investors require a 14 percent rate of return on similar stocks. If the company plans to pay a dividend of $4.20 next year, what growth rate is expected for the company's stock price?

a. 7.99 percent
b. 8.00 percent
c. 8.12 percent
d. 8.37 percent
e. 8.81 percent

 

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Finance Basics: The stock price of russell inc is 81 investors require a 14
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