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The dividend yield of a stock is 5 percent. If the market price of the stock is $18 per share and its dividends have been
The dividend yield of a stock is 5 percent. If the market price of the stock is $18 per share and its dividends have been growing at a constant rate of 6%, what was the most recent dividend paid by the company?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
