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Compute what was most recent dividend paid by the company

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Reference no: EM132736827

Problem 1: The dividend yield of a stock is 8 percent. If the market price of the stock is $18 per share and its dividends have been growing at a constant rate of 6%, what was the most recent dividend paid by the company?

A.$1.02
B.$1.36
C.$1.53
D.$0.85
E.$1.19
F.$1.70

Reference no: EM132736827

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