Thorley Company's stock currently sells for $111.24 a share. It just paid a dividend of $4.20 a share (i.e., Do=$4.20). The dividend is expected to grow at a constant rate of 10.80% a year. What is the required rate of return? a. 14.58% b. 14.98%
c. 13.76% d. 13.01%
e. 12.10%