Mannix Corporation stock currently sells for $51 per share. The market requires a return of 8.2 percent on the firm’s stock. If the company maintains a constant 2.1 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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A:

Q: Jarett & Sons' common stock currently trades at $21.00 a share. It is expected to pay an annual…

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A: Formulas:

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A: Given information : Current value of stock = $39 Expected dividend = $ 3 Growth rate = 6%

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A: Part 1 When equity is financed through all Retained earnings, then the cost of equity based on…

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A: Dividend is the amount paid by the company from the profit to the share holders of the company.…

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