Question
The dividend yield of a stock is 9 percent. If the market price of the stock is $18 per share and its dividends have been
The dividend yield of a stock is 9 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?
A.$1.36
B.$0.85
C.$1.02
D.$1.53
E.$1.70
F.$1.19
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett
9th edition
1259717771, 1259717772, 9781260048186, 1260048187, 978-1259717772
