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Suppose you know that a company's stock currently sells for $90 per share and the required return on the stock is 8 percent. You also
Suppose you know that a company's stock currently sells for $90 per share and the required return on the stock is 8 percent. You also know that the total return 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 ($). Round your answer to 2 decimal places. (e.g., 32.16))
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