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Suppose you know that a company's stock currently sells for $53 per share and the required return on the stock Is 10 percent. You also
Suppose you know that a company's stock currently sells for $53 per share and the required return on the stock Is 10 percent. You also know that the total return on the stock is evenly dMded between a capital gains yleld and a dividend yield. If It's the company's policy to always maintain a constant growth rate In its dvdends, what is the current dvidend per share? (Do not round Intermediate calculetions. Round your answer to 2 declmel places, e.g, 32.16.) Current dividend per share s Next
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