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Problem 8-6 Stock Valuation [L01 Suppose you know that a company's stock currently sells for $53 per share and the required return on the stock

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Problem 8-6 Stock Valuation [L01 Suppose you know that a company's stock currently sells for $53 per share and the required return on the stock is 10 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to a dividends, what is the current divi your answer to 2 decimal places, e.g, 32.16.) naintain a constant growth rate in its dend per share? (Do not round intermediate calculations and round Current dividend per share

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