Business, 15.07.2019 20:30 zurfluhe

Suppose you know that a company’s stock currently sells for $65 per share and the required return on the stock is 15 percent. you also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. if 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.)

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