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Suppose you know a company's stock currently sells for S70 per share and the required return on the stock is 9 percent You also know

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Suppose you know a company's stock currently sells for S70 per share and the required return on the stock is 9 percent You also know that the total retum on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, the current dividend is $ per share. (Do not include the dollar sign (S). Round your answer to 2 decimal places. (e.g. 32.16)

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