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2-11 Today, you checked Google Finance and see that Old Geezer Inc. just paid a dividend on its common stock and is selling for $75
2-11
Today, you checked Google Finance and see that Old Geezer Inc. just paid a dividend on its common stock and is selling for $75 a share. This stock pays an annual dividend that increases by 2% annually. If the market rate of return on this stock is 16 percent, what is the amount of the dividend per share paid today? A $10.92 ( $10.71 $10.50 D $10.29Step by Step Solution
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