Secolo corporation stock currently sells for 68 per share, Financial Management

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Secolo corporation stock currently sells for 68 per share

Secolo Corporation stock currently sells for $68 per share. The market requires a return of 11 percent on the firm’s stock. If the company maintains a constant 3.75 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

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Financial Management: Secolo corporation stock currently sells for 68 per share

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Financial Management: Secolo corporation stock currently sells for 68 per share

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