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What is the amount of the last dividend paid

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Question - 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?

a. $0.93

b. $0.90

c. $0.97

d. $0.88

e. $1.00

Reference no: EM133036146

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