(45)
(Choose 1 answer)
A. 13%
B. 16%
C. 20%
D. 21%
(20736)Constant growth: Prior, Inc., is expected to grow at a constant rate of 9 percent. If the company's next dividend is $2.75 and its current price is $37.35, what is the required rate of return on this stock? (Roundto the nearest percent.)
