12 A company has a current stock market prce of

$35

per share. Using the CAPM, you 13 determine an appropriate required rate of return of

9.5%

. Assuming the 14 company's current dividend growth rate of

3%

is perpetual, what was its latest 15 dividend? Hint: this is a reverse engineering type problem.

12 A company has a current stock market prce of $35 per share. Using the CAPM, you 13. determine an appropriate required rate of return of 9.5%. Assuming the 14 company's current dividend growth rate of 3% is perpetual, what was its latest 15 dividend? Hint: this is a reverse engineering type