Suppose you know a company's stock currently sells for $60 per share and the required...
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Accounting
Suppose you know a company's stock currently sells for $60 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. Required: If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
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