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Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that...

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Finance

Weisbro and Sons common stock sells for $21 a share and pays anannual dividend that increases by 5.4 percent annually. The marketrate of return on this stock is 9.4 percent. What is the amount ofthe last dividend paid by Weisbro and Sons?

  • $.74

  • $1.08

  • $1.87

  • $.80

  • $.89

Answer & Explanation Solved by verified expert
3.7 Ratings (472 Votes)
Information providedCurrent stock price 21Dividend growth rate 540Market rate of    See Answer
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Transcribed Image Text

Weisbro and Sons common stock sells for $21 a share and pays anannual dividend that increases by 5.4 percent annually. The marketrate of return on this stock is 9.4 percent. What is the amount ofthe last dividend paid by Weisbro and Sons?$.74$1.08$1.87$.80$.89

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