Suppose you know that a company's stock currently sells for $47 per share and the required return

Question:

Suppose you know that a company's stock currently sells for $47 per share and the required return on the stock is 11 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current per share?
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...