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Suppose you know a company's stock currently sells for $60 per share and the required return on the stock is 11 percent. You also know

Suppose you know a company's stock currently sells for $60 per share and the required return on the stock is 11 percent. You also know that the total return on the stock is evenly dividend between a capital gains yield and a dividend yield.

required: If its the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

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