Finding the Dividend Mau Corporation stock currently sells for $58.32 per share. The market requires a return

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Finding the Dividend Mau Corporation stock currently sells for $58.32 per share.

The market requires a return of 11.5 percent on the firm’s stock. If the company maintains a constant 5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

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Corporate Finance With Connect Access Card

ISBN: 978-1259672484

10th Edition

Authors: Stephen Ross ,Randolph Westerfield ,Jeffrey Jaffe

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