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RTF, Inc Common Stock Sells for $22 a Share and Pays

Question 106

Multiple Choice

RTF, Inc. common stock sells for $22 a share and pays an annual dividend that increases by 3.8% annually. The market rate of return on this stock is 8.2%. What is the amount of the last dividend paid?


A) $0.88
B) $0.90
C) $0.93
D) $0.97
E) $1.00

Correct Answer:

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