Question
The current price of Miller Corporation common stock is $60.00. Dividends are expected to grow at 4% indefinitely and the most recent dividend paid yesterday
The current price of Miller Corporation common stock is $60.00. Dividends are expected to grow at 4% indefinitely and the most recent dividend paid yesterday was $2.50. What is the dividend yield for Millers stock? (Enter your answer to four decimals as 0.XXXX)
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
