Suppose you know that a companys stock currently sells for $67 per share and the...
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Finance
Suppose you know that a companys stock currently sells for $67 per share and the required return on the stock is 11.5 percent. You also know that the total return on the stock is evenly divided between capital gains yield and dividend yield. If its the companys policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?
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