The common stock of Roya Inc. has a required return of 8% and a current market...

 

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The common stock of Roya Inc. has a required return of 8% and a current market price of $55. The company pays its dividend annually and increases its amount by 4% each year. You own 505 shares of this stock. What was the approximate total amount of the last dividend you received? Hint: you need to find the expected dividend first. $2,778. $0. $1,081. $1,068. $1,111. The common stock of Roya Inc. has a required return of 8% and a current market price of $55. The company pays its dividend annually and increases its amount by 4% each year. You own 505 shares of this stock. What was the approximate total amount of the last dividend you received? Hint: you need to find the expected dividend first. $2,778. $0. $1,081. $1,068. $1,111.

Answer rating: 100% (QA)

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