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Apple common stock currently sells for $92 per share. CAPM suggests the expected rate of return on the stock is 9.5%. Your crack research team

Apple common stock currently sells for $92 per share. CAPM suggests the expected rate of return on the stock is 9.5%. Your crack research team has found that investors typically capture a total return that is evenly divided between a capital gains yield and a dividend yield. Management has signaled that they intend to maintain a steady growth rate in its dividends over time. What was the dividend paid to shareholders over the past year?

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