The common stock of JL Recyclers has a required return of 10 percent and a current value of $20.32. The company pays its dividend annually and increases the amount by 3 percent each year. You own 350 shares of this stock. What was the total amount of the last dividend you received?
A)$323
B)$362
C)$432
D)$483
E)$513

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The Answer of The common stock of JL Recyclers has a required return of 10 percent and a current value of $20.32. The company pays its dividend annually and increases the amount by 3 percent each year. You own 350 shares of this stock. What was the total amount of the last dividend you received?
A)$323
B)$362
C)$432
D)$483
E)$513

The Common Stock of JL Recyclers Has a Required Return