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Gilead Sciences Inc. (GILD) common stock pays quarterly dividends. In 2020, GILD made 4 quarterly payments of $0.68 each, amounting to an annual payment of
Gilead Sciences Inc. (GILD) common stock pays quarterly dividends. In 2020, GILD made 4 quarterly payments of $0.68 each, amounting to an annual payment of $2.72. a. The dividend yield on GILD stock is 4 47%. Based on this information, what is the price per share of GILD stock? (2.5 points) b. At what rate must dividends grow if investors require a 12.5% return on GILD stock? [2.5 points)
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