A firm's stock has a required return of 9.50%. The stock's dividend yield (using the dividend to
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A firm's stock has a required return of 9.50%. The stock's dividend yield (using the dividend to be paid in one year from today) is 5.25%. What is the amount of the dividend just received if the current stock price is $35 and the dividends grow annually at a constant rate?
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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