Question: Step by step including formula and excel function: 19. The common stock of Plyler Enterprises currently sells for $85 a share and pays an annual
Step by step including formula and excel function: 19. The common stock of Plyler Enterprises currently sells for $85 a share and pays an annual dividend that increases by 7% annually. If 'the market rate of return on this stock is 15.9%, what was the amount of the last dividend paid per share? 20. The next annual dividend payment by Bristol-Myers Squibb is expected to be $7.90 per share. The dividends are anticipated to maintain a 8.5% growth rate per year for the foreseeable future and the stock currently sells for $64 per share. What is the annual dividend yield
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