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Poul malice, 4e Help System Announcements PRINTER VERSION « BACK NEXT Problem 9.09 The current stock...


Poul malice, 4e Help System Announcements PRINTER VERSION « BACK NEXT Problem 9.09 The current stock price of Pharoah, Inc.,
Poul malice, 4e Help System Announcements PRINTER VERSION « BACK NEXT Problem 9.09 The current stock price of Pharoah, Inc., is $43.20. If the required rate of return is 25 percent, what is the dividend paid by this firm if the dividend is not expected to grow in the future? (Round answer to 2 decimal places, e.g. 15.25.) Dividend paid Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER
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Answer #1

Current Stock Price = $43.20
Required Rate of Return = 25%

Current Stock Price = Annual Dividend / Required Rate of Return
$43.20 = Annual Dividend / 0.25
Annual Dividend = $10.80

So, the dividend paid by this firm is $10.80

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