Question

The common stock of Metal Molds has a negative growth rate of 1.63 percent and a required return of 18.21 percent. The current stock price is $9.82. What was the amount of the last dividend paid

Answer 1

Answer:

1.98

Explanation:

RE = .1821 = {D0[1 + (−.0163)]}/$9.82 + (−.0163)

D0 = $1.98