Multiple Choice
Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that increases by 5 percent each year.The rate of return on this stock is 9 percent.What is the amount of the last dividend paid?
A) $.77
B) $.80
C) $.84
D) $.87
E) $.88
Correct Answer:
Verified
Correct Answer:
Verified
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