Maddon Corporation stock currently sells for $57.13 per share. The market requires a return of 11 percent
Question:
Maddon Corporation stock currently sells for $57.13 per share. The market requires a return of 11 percent on the firm’s stock. If the company maintains a constant 4 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
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Related Book For 
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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