6. 6.

Share Valuation [LO 8.1] Suppose you know that a company’s shares currently sell for $74 per share and the required return on the shares is 10.6 per cent. You also know that the total return on the shares is evenly divided between a capital gains yield and a dividend yield. If it is the company’s policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?