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(CH7 Problem 6) Suppose you know that a company's stock currently sells for $79 per share and the required return on the stock is 16

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(CH7 Problem 6) Suppose you know that a company's stock currently sells for $79 per share and the required return on the stock is 16 percent. You also know that the total return is evenly divided between capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share (in other words, what is DO)? Round your answer to the nearest penny

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