Problemgontier corporation stock currently sells for 6488, Ask an Expert

Accounting

Problem:

Gontier Corporation stock currently sells for $64.88 per share. The market requires an 11 percent return on the firm's stock.

Required:

Question: If the company maintains a constant 4.50 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Note: Explain all calculation and formulas.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91172161

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