Suppose you know that a company's stock currently sells for $57 per share and the required return
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Question:
Suppose you know that a company's stock currently sells for $57 per share and the required return on the stock is 10.4%.You also know that the total return on the stock is evenly divided between capital gains yield and dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?What is the dividend per share in Year 4?
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