Nike's common shares are currently trading at $57.12.Dividends on this stock are paid annually and are expected to grow at 2% per annum in perpetuity.Shareholders required return on this investment of 3%.The most recent dividend was paid yesterday and the next dividend will be paid in one year.How big was yesterday's dividend?
A) $0.55
B) $0.56
C) $0.57
D) $0.60
E) $0.62
Correct Answer:
Verified
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