What is the dividend growth rate at this price

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Reference no: EM131300958

Russell Foods pays a fixed annual dividend of $2.28 a share. At a required return of 11.5 percent, the stock is valued at $43.20 a share. What is the dividend growth rate at this price?

A. 5.99 percent

B. 5.28 percent

C. 6.12 percent

D. 5.37 percent

E. 6.22 percent

Reference no: EM131300958

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