Wardrobe Co . stock , what is the current price ? What will the price be in three years ? In 15 years ?
6 . Stock Valuation Suppose you know that a company ’ s stock currently sells for $ 63 per share and the required return on the stock is 10.5 percent . You also know that the total return on the stock is evenly divided between a capital gains yield and a dividend yield . If it ’ s 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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