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Roys welding supplies common stock sells for 20 a share and

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Roy's Welding Supplies common stock sells for $20 a share and pays an annual dividend that increases by 6 percent annually. The market rate of return on this stock is 8 percent. What is the amount of the last dividend paid?

$0.41

$0.38

$0.57

$0.40

$0.37

Reference no: EM13567064

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