Newel1 Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few
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Question:
Newel1 Corp. sells household cleaners producing a revenue stream that has remained unchanged in the last few years. The firm does not expect any change in its sales or earnings in the next several years. The stock is currently selling at 46.88. If the required rate of return is 6.25 percent, what is the dividend paid by this company?
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