Constant growth: Priority Shift Ltd is expected to grow at a constant rate of 9 percent. If the company's next dividend is $2.75 and its current price is $37.35, what is the required rate of return on this share? (Round to the nearest percent.)
A) 16%
B) 17%
C) 20%
D) 21%

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The Answer of Constant growth: Priority Shift Ltd is expected to grow at a constant rate of 9 percent. If the company's next dividend is $2.75 and its current price is $37.35, what is the required rate of return on this share? (Round to the nearest percent.)
A) 16%
B) 17%
C) 20%
D) 21%

Constant Growth: Priority Shift Ltd Is Expected to Grow at a Constant