Weisbro and Sons' common stock sells for $21 a 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 Weisbro and Sons?
A) $.77
B) $.80
C) $.84
D) $.87
E) $.88

Question

Quizplus · Accepted Answer

The Answer of Weisbro and Sons' common stock sells for $21 a 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 Weisbro and Sons?
A) $.77
B) $.80
C) $.84
D) $.87
E) $.88

Weisbro and Sons' Common Stock Sells for $21 a Share