Fernandez Corporation stock currently sells for $45 per share. The market requires a 12 percent return on
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Fernandez Corporation stock currently sells for $45 per share. The market requires a 12 percent return on the firm’s stock. If the company maintains a constant 8 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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