試題詳解

11. Backford Company just paid a dividend yesterday of $2.25 per share. The company's stock is currently selling for $60 per share, and the required rate of return on Backford Company stock is 16%. What is the growth rate expected for Backford Company dividends assuming constant growth?
(A)9.47%
(B)9.89%
(C)10.87%
(D)11.81%