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What is the amount of the last dividend paid

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Reference no: EM132936900

Problem 1: RTF, Inc. common stock sells for $22 a share and pays an annual dividend that increases by 3.8% annually. The required rate of return on this stock is 8.2%. What is the amount of the last dividend paid?

Multiple Choice

Option 1: $0.93
Option 2: $0.90
Option 3: $0.97
Option 4: $0.88
Option 5: $1.00

Reference no: EM132936900

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