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What was the most recent dividend paid by the company

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Reference no: EM132788903

Question - The dividend yield of a stock is 8 percent. If the market price of the stock is $18 per share and its dividends have been growing at a constant rate of 6%, what was the most recent dividend paid by the company?

A. $1.02

B. $1.36

C. $1.53

D. $0.85

E. $1.19

F. $1.70

Reference no: EM132788903

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