You also know that the total return on the stock is evenly


Suppose you know that a company's stock currently sells for $59 per share and the required return of the stock is 11%. You also know that the total return on the stock is evenly divided between a capital gains yield and diviend yield. If the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share?

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Financial Econometrics: You also know that the total return on the stock is evenly
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