The marketplace rate of return on this stock

Reference no: EM1333118

Calculating value of last dividend paid

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

Reference no: EM1333118

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