If the company maintains a constant 575 percent growth rate, Financial Management

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If the company maintains a constant 575 percent growth rate

Gontier Corporation stock currently sells for $64.58 per share. The market requires a return of 10 percent on the firm’s stock. If the company maintains a constant 5.75 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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Financial Management: If the company maintains a constant 575 percent growth rate

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Financial Management: If the company maintains a constant 575 percent growth rate

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