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
Thank you for the opportunity to help you with your question!
Last dividend paid = $ 3 (Answer)
100% correct 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.
Jul 15th, 2015
Studypool's Notebank makes it easy to buy and sell old notes, study guides, reviews, etc.