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QUESTION
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
