Astock is priced at $38.24 a share and has a market rate of return of 9.65 percent. what is the dividend growth rate if the company plans to pay an annual dividend of $.48 a share next year? multiple choice

a. 7.60 percent

b. 7.42 percent

c. 1.26 percent

d. 8.39 percent

e. 2.23 percent

Option (D) is correct.

Explanation:

Given that,

Stock price per share, P0 = $38.24

Market rate of return, rs = 9.65 percent

Annual dividend paid next year, D1 = $0.48

Dividend growth rate = [rs - (D1 ÷ P0)] × 100

                                    = [9.65% - ($0.48 ÷ $38.24)] × 100  

                                    = (0.0965 - 0.0126) × 100

                                     = 0.0839 or 8.39%

answer; i believe a ( newsletter ) should be sent;

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.