Suppose you know that a companyrsquos stock currently sells, Ask an Expert

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Suppose you know that a company’s stock currently sells for $63 per share and the required return on the stock is 13 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. It's the company’s policy to always maintain a constant growth rate in its dividends.

What is the current dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current dividend per share $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92257721

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