Homework Answers
Current Price = $75.00
Required Return = 8.80%
Growth Rate = 2.40%
Current Price = Expected Dividend in 1 year / (Required Return -
Growth Rate)
$75.00 = Expected Dividend in 1 year / (0.0880 - 0.0240)
$75.00 = Expected Dividend in 1 year / 0.0640
Expected Dividend in 1 year = $4.80
Expected Dividend in 1 year = Recent Dividend * (1 + Growth
Rate)
$4.80 = Recent Dividend * 1.0240
Recent Dividend = $4.69
So, the most receipt dividend per share paid on the stock is $4.69
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