Question

Please note that have to show your work in detail 

1.     JCT Inc. common stock is selling for $50 a share. If the expected dividend at the end of the year is $1.20 and last year's dividend was $1.00, what is the rate of return implicit in the current stock price?

 

Answer 1

$[(1.2÷50) +(1.2-1)]×100 =22.4$