This dividend increases at an average rate of 35 per year

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Martha's Vineyard recently paid a $3.60 annual dividend on its common stock. This dividend increases at an average rate of 3.5% per year. The stock is currently selling for $62.10 a share. What is the market rate of return?

A. 2.5%
B. 3.5%
C. 5.5%
D. 6.0%
E. 9.5%

Reference no: EM13570631

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