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Onyx's common stock is currently selling at $67.93 per share. Last year, the company paid
dividends of $2.04 per share. The projected growth at a rate of dividends for this stock is 4.03
percent. What rate of return can the investor expect to receive on this stock if it is purchased
today?
Round the answer to two decimal places in percentage form.
show work
Solution

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Onyxs common stock is currently selling at $67.93 per share. Last .pdf

  • 1. Onyx's common stock is currently selling at $67.93 per share. Last year, the company paid dividends of $2.04 per share. The projected growth at a rate of dividends for this stock is 4.03 percent. What rate of return can the investor expect to receive on this stock if it is purchased today? Round the answer to two decimal places in percentage form. show work Solution