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Stock Valuation[LO1]Suppose you know that a companys stock currently sells for $63 per share and the required return on the stock is 10.5 percent. You

Stock Valuation[LO1]Suppose you know that a companys stock currently sells for $63 per share and the required return on the stock is 10.5 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If its the companys policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

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