单选题 An analyst has made the following estimates for a stock:
Dividends over the next year 0.60
Long-term growth rate 13%
Intrinsic value $24
The shares are currently priced at $22.
Assuming the stock price moves to intrinsic value over the next year, what is the expected return on the stock?
A. 9.1%. B. 11.8%. C. 15.7%.

【正确答案】 B
【答案解析】(24-22+0.60)/22=11.8%.