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Common stock: The firms common stock is currently selling for $50 per share. The dividend expected to be paid at the end of the coming
Common stock: The firms common stock is currently selling for $50 per share. The dividend expected to be paid at the end of the coming year (2016) is $4. Its dividend payments, which have been approximately 60% of earnings per share in each of the past 5 years, were as shown: Year Dividend 2015 $3.75 2014 3.50 2013 3.30 2012 3.15 2011 2.85
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