A stock currently sells for $56. The dividend yield is 4.5 percent and the dividend growth rate is 5.2 percent. What is the amount of the dividend to be paid in one year?

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
Section: Chapter Questions
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A stock currently sells for $56. The dividend yield is 4.5 percent and the
dividend growth rate is 5.2 percent. What is the amount of the dividend to
be paid in one year?
Transcribed Image Text:A stock currently sells for $56. The dividend yield is 4.5 percent and the dividend growth rate is 5.2 percent. What is the amount of the dividend to be paid in one year?
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