Codner corporation stock currently sells for 82 per share, Financial Management

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Codner corporation stock currently sells for 82 per share

Codner Corporation stock currently sells for $82 per share. The market requires a 10.2 percent return on the firm’s stock. If the company maintains a constant 3.1 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places; (e.g., 32.16)

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Financial Management: Codner corporation stock currently sells for 82 per share

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