Problembechtel machinery stock currently sells for 65 per, Ask an Expert

Accounting

Problem:

Bechtel Machinery stock currently sells for $65 per share. The market requires a 14 percent return on the firm's stock. The company maintains a constant 8 percent growth rate in dividends.

Required:

Question: What was the most recent annual dividend per share paid on this stock?

$3.00
$3.61
$3.67
$3.75
$3.91

Note: Provide support for your rationale.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91173638

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