What was the most recent dividend per share paid on stock

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1. Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 3.42 percent for the next three years, with the growth rate falling off to a constant 5.52 percent thereafter. If the required return is 10.8 percent and the company just paid a dividend of $7.52, what is the current share price?

2. Secolo Corporation stock currently sells for $78.29 per share. The market requires a return of 7.7 percent on the firm’s stock. If the company maintains a constant 2.89 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Reference no: EM132004122

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