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Roy's Welding Supplies Common Stock Sells for $38 a Share

Question 17

Multiple Choice

Roy's Welding Supplies common stock sells for $38 a share and pays an annual dividend that increases by 3 percent annually.The market rate of return on this stock is 8.20 percent.What is the amount of the last dividend paid?


A) $1.80
B) $1.86
C) $1.92
D) $1.98
E) $2.10

Correct Answer:

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