Jenny bought a share of Athrax Company for $65 one year ago. The stock paid a dividend of $2.52 per quarter throughout the year and dividends are expected to increase by 3% next year. If the stock is selling today for $87.10, the expected dividend yield is closest to which of the following? 34.0% 11.6% 15.5% 11.9% 49.5%

Jenny bought a share of Athrax Company for $65 one year ago. The stock paid a dividend of $2.52 per quarter throughout the year and dividends are expected to increase by 3% next year. If the stock is selling today for $87.10, the expected dividend yield is closest to which of the following? 34.0% 11.6% 15.5% 11.9% 49.5%

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter12: The Cost Of Capital

Section: Chapter Questions

Problem 5P

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