Assume that a share of common stock has just paid a dividend of $1.50, and that this

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Question:

Assume that a share of common stock has just paid a dividend of $1.50, and that this dividend is expected to grow ata. constant growth rate of 6.0 percent each year. Also assume that the expected dividend yield is 7.0 percent. Given this information determine what percentage of the stock's current price is due to the dividends to be received over the next 15 years.