Company’s stock

by | Oct 20, 2021 | Homework Help

Suppose you know a company’s stock currently sells for $64 per share and the required return on the stock is 12%. You also know that the total return is evenly divided between a capital gains yield and a dividend yield (based on D1). 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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