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Business & Finance
Tutor: None Selected Time limit: 1 Day

A share of common stock has an expected long-run constant growth rate of 10% and is currently priced at $66 per share. If investors require 15% rate of return, what was the last dividend paid on the stock?

Jul 15th, 2015

Thank you for the opportunity to help you with your question!

dividend = P*(k-g)/(1+g) = 66 *(0.15-0.1) /(1.1)  = 3

hence Dividend = $ 3 Answer


Please find the solution enclosed here with. In case of any doubt please feel free to ask If you need help in any assignment of math/ science … any online exam / discussion, Please contact for quick & quality services.


Please find the solution enclosed here with. In case of any doubt please feel free to ask … If you need help in any assignment of math/ science … any online exam / discussion, Please contact for quick & quality services.
Jul 15th, 2015

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