Always maintain constant growth rate in dividends

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Suppose you know that a company's stock currently sells for $70 per share and the required return on the stock is 15 percent. You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield. If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current dividend per share

Reference no: EM131928731

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