MBL, Inc. is expected to pay annual dividends of $0.95, $1.10, $1.20 and $1.45 over the next four years. It is anticipated that the stock will sell for $34 per share in four years. If the market rate...

MBL, Inc. is expected to pay annual dividends of $0.95, $1.10, $1.20 and $1.45 over the next four years. It is anticipated that the stock will sell for $34 per share in four years. If the market rate of return for MBL is 14%, what is the Dividend Yield for the second year?

Multiple Choice