A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?
A)$.46
B)$.50
C)$.59
D)$.63
E)$.72

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The Answer of A stock sells for $12.36 a share and has a required return of 9 percent. Dividends are paid annually and increase at a constant 3 percent per year. What is the amount of the last dividend paid?
A)$.46
B)$.50
C)$.59
D)$.63
E)$.72

A Stock Sells for $12