The global market will pay an annual dividend of 1.46 per, Ask an Expert

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The Global Market will pay an annual dividend of $1.46 per share next year. The stock has a current market price of $48 and a dividend growth rate of 2.4 percent. What is the rate of return on this stock?

Student Response Feedback
A. 5.44 percent
B. 5.67 percent
C. 6.01 percent
D. 6.28 percent

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