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QUESTION 19 Suppose you know that a company's stock currently sells for $60 per share and the required return on the stock is 14 percent.

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QUESTION 19 Suppose you know that a company's stock currently sells for $60 per share and the required return on the stock is 14 percent. You also know that the total return on the stock is evenly divided between a capital gain 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? Round your answer to the nearest dollar. (NOTE: do NOT include the dollar sign in your answer)

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