The next dividend payment by Hoffman, Inc., will be $3.25 per share. The dividends are anticipated to
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The next dividend payment by Hoffman, Inc., will be $3.25 per share. The dividends are anticipated to maintain a growth rate of 7 percent forever. Assume the stock currently sells for $50.10 per share. | |
a. | What is the dividend yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
b. | What is the expected capital gains yield? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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