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Business, 06.08.2021 23:10 ezellcarly

Roy's Welding Supplies common stock sells for $22 a share and pays an annual dividend that increases by 5 percent annually. The market rate of return on this stock is 9 percent. What is the amount of the last dividend paid? a. $0.88
b. $0.81
c. $0.92
d. $0.84

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