The Cool Cummings Company has current stock price of $62.40, has a required rate of...
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Finance
The Cool Cummings Company has current stock price of $62.40, has a required rate of return of 9%, and is expected to grow at a constant rate of 4% in the foreseeable future. If the firms last dividend paid was $3, what is the expected dividend yield?
A. 5.00%
B. 4.81%
C. 5.24%
D. 4.00%
E. None of these are correct
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