If the price of the stock is currently 84 what dividend was


cA mature firm just paid an annual dividend yesterday and the next dividend will be paid a year from today. Investors expect the firm's dividends to grow at 5% per year, forever. The firm's stock has a beta of 1, the risk-free rate is 3%, and the expected return on the market is 10%. If the price of the stock is currently $84, what dividend was paid yesterday?

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Financial Management: If the price of the stock is currently 84 what dividend was
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