An issue of common stock is selling for $57.20. The year-end dividend is expected to be $2.32, assuming a constant growth rate of 4%. What is the required rate of return?
A)10.3%
B)10.1%
C)8.1%
D)None of these options

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The Answer of An issue of common stock is selling for $57.20. The year-end dividend is expected to be $2.32, assuming a constant growth rate of 4%. What is the required rate of return?
A)10.3%
B)10.1%
C)8.1%
D)None of these options

An Issue of Common Stock Is Selling for $57