Business, 11.03.2020 01:00 cristinanina

A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?

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A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually...

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