What is the amount of the last dividend paid

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WWW Incorporated's common stock is selling for $21.00 per share and pays an annual dividend that increases by 5% annually. The market rate of return on this stock is 9%. What is the amount of the last dividend paid by WWW Incorporated?

a. $.77

b. $.80

c. $.84

d. $.87

e. $.88

f. None of the above.

Reference no: EM132200178

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