Question
Suppose you know that a company's stock currently sells for $67 per share and the required return on the stock is 11.5 percent. You also
Suppose you know that a company's stock currently sells
for $67 per share and the required return on the stock is 11.5 percent. You
also know that the total return on the stock is evenly divided between capital
gains yield and 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?
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
