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Suppose you know a company's stock currently sells for $60 per share and the required...

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Finance

Suppose you know a company's stock currently sells for $60 per share and the required return on the stock is 8 percent. You also know that the total return on the stock is evenly divided between a capital gains yields and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends yield. If it's the company's policy to always maintain a constant growth rate rate in its dividends, what is the current dividend per share?

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