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Question 11 ABC Inc.'s stock has a required rate of return of 11.50%, and it sells for $18.00 per share. ABC's dividend is expected to grow at a

Question 11

ABC Inc.'s stock has a required rate of return of 11.50%, and it sells for $18.00 per share. ABC's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D?

1.$0.62

2.$0.77

3.$0.57

4.$0.92

5.$0.76

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