This morning, you purchased a stock that will pay an annual dividend of $1.90 per share next year. You require a 12 percent rate of return and the dividend increases at 3.5 percent annually. What will your capital gain be in dollars on this stock if you sell it three years from now?

A. $2.43
B. $2.51
C. $2.63
D. $2.87
E. $2.92

Ans: A. $2.43

Business

You might also like to view...

________________: Individuals with specific skills, keep team moving to accomplish goal

Fill in the blank(s) with the appropriate word(s).

View
Business

Successful consumer relations can actually reduce costs for a company

Indicate whether the statement is true or false

View
Business