Petrified Forest Skin Care, Inc. pays an annual perpetual dividend of $1.70 per share. - 3038

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UoPExpert

UoPExpert

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  • Posted on: Thu 22 Mar, 2012
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Request Description

Petrified Forest Skin Care, Inc. pays an annual perpetual dividend of $1.70 per share. If the stock is currently selling for $21.25 per share, what is the expected rate of return on this stock?

A.   12.5% B.   36.13%

C.   8.0% D.   13.6%

Solution Description

Petrified Forest Skin Care, Inc. pays an annual perpetual dividend of $1.70 per share. If the stock is currently s